Home Case Index All Cases Income Tax Income Tax + SC Income Tax - 2014 (9) TMI SC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (9) TMI 398 - SC - Income TaxIssues not addressed by CIT(A) – Matter pending before CIT(A) - Held that:- The question, whether the difference between the fair market price and the concessional price should or should not be added to the total income of the assessee(s) Society, needs to be re-looked by CIT(A) - There are some of the questions which have not been addressed by the Authorities below in the orders - CIT (A) would be entitled to look into the Accounts and verify the basis for sale of sugar at concessional price on month-to-month basis - the matter is pending before the CIT(A) – thus, the matter is liable to be remitted back to the CIT(A) for fresh consideration – Decided in favour of revenue.
|