Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2013 (3) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2013 (3) TMI 98 - HC - Income TaxRevision u/s 263 - erroneous and prejudice to revenue order - held that:- Assessing Officer on the basis of a detailed inquiry found that on procurement of orders from various Government Department for the respondent-assessee, Dr. Shashi Kant Gupta had rendered services in his individual capacity, the amount of commission which is alleged tohave been paid to M/s Ratandeep Polymers (P) Ltd., has to be assessed on substantive basis in the hands of Dr. Shashi Kant Garg. There is no question of holding that the Assessing Officer had not made a detailed inquiries in this behalf. The order of Commissioner of Income Tax (Appeals) under Section 263 of the Act has been righly set aside by the Tribunal. - Decided against the revenue.
|