Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2013 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2013 (12) TMI 1371 - ALLAHABAD HIGH COURTWhether sale proceeds claimed during assessment proceedings be accepted - Held that:- It is a question of fact which has been decided by the Tribunal - The Tribunal has accepted the claim of the assessee - No substantial question of law arises before High Court - Decided against Revenue. Interest u/s 234A, 234B and 234C - Held that:- Following CIT Vs. Ranchi Club Ltd [2000 (8) TMI 79 - SUPREME Court] - Even if any provision of law is mandatory and provides for charging of tax or interest - Such charge by the assessing officer should be specific and clear and assessee must be made to know that the assessing officer has applied its mind and has ordered charging of interest - The mandatory nature of charging of interest and the actual charging of interest by application of mind and the mention of the proviso of law under which such interest is charged are two different things - Decided against Revenue.
|