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2014 (3) TMI 853 - DELHI HIGH COURTGenuineness of transaction - Assessment of income derived from sale of jewellery – Held that:- The decision in Manoj Aggarwal and others Versus Deputy Commissioner Of Income-tax, Central Circle - 3, New Delhi [2008 (7) TMI 446 - ITAT DELHI-A] followed - the order requires to be set aside and the matter remitted to the Tribunal for considering all aspects so that a clear finding as to whether transaction for sale of jewellery was genuine or not in this case – Decided in favour of Revenue. Jurisdiction of the AO to reopen the assessment – Held that:- The assessee’s conduct in not preferring any cross objections when the appeal was being heard precludes it from now contending that it has a grievance in respect of the jurisdiction of the Assessing Officer – Decided against Assessee.
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