Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2017 (4) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (4) TMI 112 - BOMBAY HIGH COURTApplicability of 40(ba)- Held that:- The Revenue, when it originally filed its appeal, had not made any grievances with regard to the Tribunal holding that Section 40(ba) of Income Tax Act, 1961 (the Act) is inapplicable. This is apparent not only from the fact that the questions as framed in the appeal when filed but also further evidenced by the fact that there is no ground specifying any grievances with regard to the impugned order's finding in respect of Section 40(ba) of the Act. The residuary ground in the appeal memo has also proceeded on the basis that the order is not sustainable for the grounds mentioned earlier, which in turn are all related to Section 40(a) (ia) of the Act. In view of the objections raised by Mr. Padvekar, Mr. Ahuja, learned Counsel for the Revenue seeks time to consider the objections and respond to the same, including taking appropriate action, if so necessary.
|