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2002 (7) TMI 7 - HC - Income TaxWhether the income chargeable to tax had escaped assessment inasmuch as the appellant had claimed investment allowance on the machinery which was sold within eight years from the expiry of the year of installation? – Tribunal's view is that it was the duty of the assessee to disclose the fact of transfer before the Assessing Officer in the course of the original assessment proceedings - We are of the view that the decision of the Tribunal does not suffer from any error, much less any substantial error of law. The appeals are, therefore, summarily dismissed – Question answered in affirmative in favour of revenue
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