Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2011 (7) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (7) TMI 38 - HC - Income TaxApplication for review - The figure of Rs.108,39,46,971/- is the amount which was deposited in the Natwest Bank, London. Even if this amount along with Rs.3,33,06,123/- was received during the financial years relevant to the assessment years 2004-05 to 2006-07 and not during the financial years 2004-05 to 2006-07, it does not make any difference to the final decision/outcome - Income Tax Department had filed an application for release of the funds in the Natwest Bank but the said application was rejected and a revision petition filed by the Income tax Department is pending - Deposits in the Natwest Bank represents payments received for services rendered by the applicant and this cannot be overlooked - Appeal is dismissed
|