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2003 (10) TMI 33 - HC - Income TaxWhether, the Tribunal erred in holding that the provisions of section 64(1)(iii) read with the Explanation 2A were attracted particularly when the minor children of the assessee were not entitled to any right to the trust funds including the income from the trusts until they attained the age of majority? - Whether, Tribunal erred in coming to the conclusion that section 64(1)(iii) read with the Explanation 2A was attracted? - Whether, the Tribunal erred in not holding that the reassessment proceedings were without jurisdiction and that no income had escaped assessment so as to attract section 147/148?" - All the questions are answered in the negative, i.e., in favour of the Department and against the assessee
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