Home Case Index All Cases Income Tax Income Tax + SC Income Tax - 2012 (9) TMI SC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2012 (9) TMI 350 - SC - Income TaxWrit Petition – alleged that financial statement of the petitioner- company were allegedly fudged. Allegedly sales and interest income for several years have been overstated, fictitious deposits allegedly were shown in the balance-sheet – Held that:- It was the case of the company before the Central Board of Direct Taxes that the Department had acted on the basis of false claims of payment of taxes made by the previous management by rectifying the assessment and raising tax demands - no hearing was given to the petitioner-company - Central Board of Direct Taxes, in the peculiar facts and circumstances of this case, ought to have heard the petitioner-company, which they have not done - representations made by the petitioner require further details to be furnished - special leave petition accordingly, disposed of.
|