Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2011 (3) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (3) TMI 1355 - HC - Income TaxProvisions of section 11(4A) - Whether the Income-tax Appellate Tribunal has erred in holding that the provisions of section 11(4A) of the Income-tax Act, 1961 were not attracted in the case of the assessee for the assessment year - Held that: the Division Bench decision of this Court in the case of Amal Kumar Chakraborty v. CIT [1992 -TMI - 20283 - CALCUTTA High Court] that the principle of res judicata does not apply to Income-tax proceedings for a different assessment year, having regard to our finding indicated above, held that apart from the question of giving relief in the past, the materials on record did not bring the mere act of sub-letting with nothing more within the term "business" so as to attract the then provision of section 11(4A) of the Act even for the relevant assessment year - Find no merit in this appeal and the same is dismissed by answering the reformulated question in the negative against the revenue.
|