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2009 (3) TMI 259 - HC - Income TaxWhether in law the hon’ble Tribunal was right in deleting the addition of Rs. 8,69,000 made by the Assessing Officer as estimated expenses incurred by the assessee in earning dividend income ?” - both the Commissioner of Income-tax (Appeals) and the Income-tax Appellate Tribunal has come to a finding of fact that there were no expenses incurred by the assessee in earning dividend income and there were no administrative or personal expenses which could be said to be expenses for earning such dividend - Assessing Officer made an addition of Rs.3,11,00,273 on reconciliation of all the receipts of incomplete contracts. The Tribunal has found that similar additions made by the Assessing Officer were deleted for the assessment years 1996-97, 1997-98, 1998-99 and 1999-2000. - Revenue could not place any material before us to show that the orders of the Income-tax Appellate Tribunal for the assessment years 1996-97 to 1999-2000 were challenged. In the circumstances, according to us, question whether the tribunal was justified in deleting the addition made by AO in respect of incomplete contracts does not arise.
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