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2015 (2) TMI 849 - HC - Income TaxIncrease in work-in-progress - whether the income determined by the Assessing Officer on account of increase in work-in-progress is permitted in law ? - whether the notification bearing No. S. O. 69(E), dated January 25, 1996 has application to the facts of the present case? - Held that:- Tribunal while dismissing the appeals filed by the Revenue,without entering into the merits of the case and/or considering the findings recorded by the Assessing Officer. Also appears from the judgment of the Tribunal and so also, the appellate authority that both have also not considered the effect of the notification on the facts of the present case. Thus remand the matters to the Tribunal for its consideration afresh - Decided in favour of revenue for statistical purposes.
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