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2003 (4) TMI 56 - HC - Income Tax"(1) Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in confirming the order of the Commissioner of Income-tax (Appeals) deleting the addition of Rs. 20,19,921 made by the Assessing Officer under section 28(iv) of the Income-tax Act, 1961, in respect of non-interest bearing deposits received by the assessee from letting out its premises at Mumbai and Hyderabad to its sister concern? - (2) Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in confirming the order of the Commissioner of Income-tax (Appeals) deleting the addition of Rs. 4,08,950 made by the Assessing Officer on account of non-refundable entrance fees received by the assessee?" - we answer both the questions in the affirmative, i.e., in favour of the assessee and against the Department.
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