Home Case Index All Cases Income Tax Income Tax + SC Income Tax - 2011 (10) TMI SC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (10) TMI 23 - SC - Income TaxBlock Assessment - undisclosed income - explanation offered by assessee - order of High Court in favour of revenue - Held that:- Detailed reasons were required to be given by the Division Bench of the High Court, particularly when, by the impugned judgement, the High Court has over-ruled the decision of ITAT. Since statutory appeal lies to the High Court under Section 260A of the Act, the High Court ought to have given it's findings in detail, particularly on the question whether there was any error of law in the decision of ITAT and whether that error caused prejudice to the Revenue. In any event, this Court is of the view that, on the facts and circumstances of this case, since the appellant [assessee] was not heard, indulgence is being shown to him to appear before the High Court on the appointed date and argue the matter. - Matter remanded back to HC.
|