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2014 (12) TMI 1021 - HC - Income TaxApplicability of section 55A - Whether the Tribunal was right in holding that the provisions of Section 55A would apply only to computation of income under the head Capital Gains – Held that:- Following the decision in as the similar matter has been decided in Smt. Amiya Bala Paul v. Commissioner of Income Tax, [2003 (7) TMI 4 - SUPREME Court] wherein it has been held that besides S.55A having expressly set out the circumstances under and the purposes for which a reference could be made to a Valuation Officer, there is no question of the AO invoking the general powers of enquiry to make a reference in different circumstances and for other purposes – thus, the provisions of Section 55A would apply only to computation of income under the head Capital Gains – Decided against revenue.
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