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2004 (3) TMI 38 - HC - Income TaxOrder made by the Commissioner of Income-taxin exercise of his revisional jurisdiction - Commissioner found that the assessee claimed the entire gross dividend income amounting to Rs. 4,34,166 as an item which is exempt. Expenses were debited separately for claiming by way of loss. Even the chartered accountant of the company in the audit report had debited the entire loss and claimed net income of Rs. 1,68,579. - In the instant case, the assessee, instead of preferring an appeal, preferred a revision. - In our opinion, the impugned order is not without jurisdiction nor is it palpably erroneous - In these circumstances, this court would not like to exercise its writ jurisdiction and hence the petition is dismissed.
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