Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2016 (11) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (11) TMI 1019 - RAJASTHAN HIGH COURTRevision u/s 263 - tds liability u/s 194C - Held that:- AO in his order has clearly mentioned that relevant records were produced and verified on test check basis and the assessment was framed after discussions, the information/ letter supplied by the assessee stands on record. This leads to an inference that AO has considered all the relevant aspects about the assessment, and there is no case of lack of enquiry in this behalf during assessment. The level of enquiry in assessment proceedings is always a debatable proposition depending on the authority concerned. It has been held that conceptual difference on the manner of inquiry cannot make the assessment order erroneous or prejudicial to the interest of revenue. Even on merits, there is no loss to the Revenue inasmuch as it is not disputed that tanker receipts surplus has been shown by AKHK and is asssessed at same rate. All the transactions are duly disclosed and it cannot be held that AOs order is erroneous or prejudicial to the interest of revenue. The Tribunal has thus given a finding that all the transactions are duly disclosed and it cannot be held that AOs order is erroneous or prejudicial to the interest of revenue. - Decided in favour of assessee.
|