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2011 (11) TMI 390 - HC - Income TaxDeduction - AO allowed deduction of "interest income" and "other Income" under 80IA - CIT Invoke 263 as lack of enquiry - Tribunal relied on submissions of assessee - Held That:- Tribunal ought to ask CIT to examine the said factual aspect rather than giving their own factual finding without there being factual examination and verification or full and proper rebuttal. Without anything more, the mere submission of a letter to the Assessing Officer giving bifurcation does not necessarily mean that proper verification and investigation was done and accepted. Revocation by CIT under 263 is valid.
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