Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2017 (10) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (10) TMI 169 - AT - Income TaxIncome tax leviable on a notional basis on ALV - Held that:- A perusal of the assessment orders dated 7.5.2013 and 27.5.2013 further shows that the AO also has not examined the issue in detail but has simply recomputed the assessee’s income in terms of the earlier assessment orders passed u/s 143(3) of the IT Act, 1961. Therefore, it is our considered opinion that it is a fit case to be restored to the file of the AO for re-examining the entire issue in light of the judgment in the case of Ansal Housing Finance & Leasing Co. Ltd. (2012 (11) TMI 323 - DELHI HIGH COURT) and also after taking into account the submissions of the assessee in this regard. Needless to say that the AO will allow due opportunity to the assessee of being heard.
|