Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2014 (9) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (9) TMI 1211 - HC - Income TaxMAT Computation - provision towards unidentified motor third party claim - whether an ascertained liablity to be deducted while computing the book profit under section 115JB as held by tribunal ? - HELD THAT:- Since we find that the learned advocate for the appellant/revenue has no instruction whether for the assessment years 1997-98,1998- 99,1999-2000 and 2001-2002 any appeal has been preferred on the same point and since it is well settled that it is not open to the revenue to challenge the correctness of the earlier assessment years without a just cause and as there is no substantial ground before us to differ from the position of law for the earlier assessment years in question, we are of the view that so far as the first question is concerned, it is not a substantial question of law. Disallowance u/s 14A - HELD THAT:- since it is admitted by the learned advocate for the revenue that it stands covered by the order M/S. RR. SEN & BROTHERS (P) LTD. [2013 (7) TMI 260 - CALCUTTA HIGH COURT] against the revenue, the said question is answered in the negative and in favour of the assessee.
|