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2018 (1) TMI 990 - AT - Income TaxReopening of assessment - partnership firm - Deemed dividend u/s 2(22)(e) - whether to be assessed only in the hands of the partners and not in the hands of the assessee-firm - whether the Tribunal had exceeded its jurisdiction while holding deemed dividend cannot be assessed in the hands of the assessee-firm and but only in the hands of the partners of the assesseefirm, who are the beneficial shareholders of the lender company, viz., M/s.KTC Automobiles Private Limited? - Held that:- If the partners of the firm are aggrieved by the reopening of the assessment in their hands, it is for the partner to challenge the same in appropriate forum. In the instant case, there is no apparent mistake in the order of the ITAT dated 30.08.2013, warranting our interference u/s 254(2) of the I.T.Act. Therefore, we see no reason to interfere with the order of the Tribunal
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