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1973 (3) TMI 17 - ALLAHABAD HIGH COURT" (1) Whether, on the facts and in the circumstances of the case, the assessments for the years 1954-55, 1960-61 and 1961-62 were validly reopened under section 147(a) of the Income-tax Act, 1961 ? (2) Whether, on the facts and in the circumstances of the case, the provisions of section 24(1)(i)(b) of the Income-tax Act, 1961, were applicable ? (3) Whether, on the facts and in the circumstances of the case, the expenditure which was not allowed while completing the original assessments could be considered for allowance in the course of assessments reopened under section 147(a)? " - We answer the first and second questions in the affirmative and the third question in the negative, all against the assessee
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