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2004 (10) TMI 78 - HC - Income TaxNotice u/s 148 – validity – Assessing Officer had issued a notice under section 148 of the Act (annexure P. 2) on the premise that the said income does not fall within the ambit of "business income" and shall be income from other sources and, therefore, income chargeable to tax has escaped assessment - It is clear that it is on the basis of facts of each case that it has to be decided whether a particular income falls under the heads "Business income" or the "Income from other sources". In the present case, we do not find any error in the approach of the Assessing Officer in initiating proceedings under section 148 against the petitioner
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