Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2003 (1) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2003 (1) TMI 16 - KERALA HIGH COURTProvision for purchase tax liability – Remission of liability – Assessing Officer has assumed that there is cessation of liability - "Whether, Tribunal is right in upholding the decision of the CIT (Appeals) deleting the sum of Rs. 9,11,380 deemed as profit u/s 41(1) for the assessment year 1987-88?" - department did not adduce any evidence to show that the sales tax assessment has been completed granting exemption to the assessee from payment of purchase tax. However, we give one more opportunity to the Department to produce evidence, if any, available to show that the purchase tax liability of the assessee has been determined by completing the sales tax assessment during the previous year relevant to the AY 1987-88
|