Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2014 (5) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (5) TMI 971 - HC - Income TaxNon-speaking order - Similar judgment not followed - NP rate @12% - Whether the Tribunal was justified in dismissing the appeal of the revenue without considering the fact that the case of Commissioner of income-tax Versus Parbhat Kumar [2008 (11) TMI 356 - PUNJAB & HARYANA HIGH COURT] on identical facts and in similar line of business has upheld the NP rate of 12% - Held that:- The Tribunal had relied upon the order passed in the case of the assessee for the AY 2007-08 - the order was set aside the order being not a speaking and reasoned one, the matter has been remanded to the Tribunal to decide the issue afresh – thus, the matter is remitted back to the Tribunal for fresh adjudication – Decided in favour of Revenue.
|