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2015 (11) TMI 1687 - HC - Income TaxLicence fee payable to the Railways is an accrued liability - Held that:- The questions to be considered in these appeals of the Revenue as well as the cross-objections of the Assessee are reframed as under: (i) Whether the order dated 31st July 2009 of the ITAT is in conformity and decides all the aspects/issues remitted to it by order dated 11th December 2008 passed by this Court? (ii) If the answer to the above question is in the negative, was the assumption of jurisdiction under Section 147 of the Act for the AYs 1997-98 to 2000-01 and 2002-03, valid? (iii) Was the ITAT right in holding the licence fee payable to the Railways to be an accrued liability?
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