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2006 (2) TMI 117 - HC - Income TaxTribunal was right in holding that the assessee was entitled to relief under section 32AB as the item dealt with by the assessee did not fall under the prohibited entry 10 to XI Schedule, viz. photographic apparatus and goods? – Tribunal was not right in law that the assessee was entitled to relief u/s 80-I as there was manufacturing process in making the graphic art film of colour paper in jumbo rolls into marketable condition by the process of slitting? - Tribunal was correct in upholding the claim for higher commission payment to associated concerns at 5 per cent, as against 3 per cent, commission paid to other customers and hence the disallowance of 2 per cent, under section 40A(2) by the Assessing Officer was not proper? – held that Tribunal had material to cancel the addition made on account of undisclosed sales of scrap - Tribunal was right in holding that proceedings under section 154 could not be initiated as the disallowances made were in respect of the claims considered under section 143(1)(a)
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