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Showing 341 to 342 of 342 Records
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1996 (11) TMI 2
Income-tax Officer was justified in invoking the provisions of section 13 and correcting the error in the order passed on September 16, 1968. The Income-tax Officer by the second order of rectification was not trying to rectify the original order of assessment passed on March 30, 1965, but was seeking to restore it by rectifying the error in the amended order passed on September 16, 1968 - hence second order of rectification was not barred by limitation
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1996 (11) TMI 1
Machinery installed in Hotel - Tribunal was correct in law in holding that the assessee was entitled to extra depreciation allowance and also extra shift depreciation allowance on the reasoning that there was no prohibition for granting both the allowance either in the Income-tax Rules or in the Act
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