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1971 (9) TMI 46 - HC - Income TaxPetitioner applies under article 226 of the Constitution for relief against proceedings initiated by a notice under section 148 – revenue had failed to prove that the conditions required for s. 147(a) were satisfied - to invoke section 10(2A), it appears necessary that the business in which the loss, expenditure or trading liability was incurred, should be in existence during the previous year in which the subsequent receipt is sought to be added as the assessee's profits – petition is allowed - notice issued under section 148 and the proceedings consequent thereto taken against the petitioner are quashed
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