Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2004 (3) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2004 (3) TMI 50 - HC - Income Tax"1. Whether, Tribunal is right in coming to the conclusion that the provisions of section 104 were rightly invoked by the assessing authority and hence additional tax levied under section 104 was justified? 2. Whether, Tribunal is right in concluding that adequate dividends were not distributed due to excess provisions made for taxes? 3. Whether the order of the Tribunal confirming levy of additional tax is reasonable?" our answer to question No. 1 is in the negative, i.e., in favour of the assessee and against the Revenue. - As far as questions Nos. 2 and 3 are concerned, they are merely argumentative and following our answer to question No. 1, we answer questions Nos. 2 and 3 also in the negative, i.e., in favour of the assessee and against the Revenue.
|