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2015 (2) TMI 171 - GUJARAT HIGH COURTAssessment on substantive basis - Bharat Trust was a specific trust - ITAT held that share income of the assessee as a beneficiary from M/s. Bharat Trust / Navbharat Trust, Norma Trust should be assessed on substantive basis ? - Held that:- In similar matter, this Court, in The CIT vs. Santokben Kanjibhai Patel [2008 (9) TMI 917 - GUJARAT HIGH COURT] has held that the Tribunal was not right in law and on facts in holding that the share income of the assessee as beneficiary from Bharat Trust/Navbharat Trust, Norma Trust should be assessed on substantive basis and it was submitted that the matter be remanded to the Tribunal to reconsider the issue in light of the decision of this Court. - Decided in favour of revenue for statistical purposes.
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