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2021 (6) TMI 634 - HC - Income TaxReduction of provision for bad and doubtful debts written back credited to profit and loss account for computation of book profit under Section 115JB - Disallowance of estimated expenses under Section 14A of the Act for computation of book profit under Section 115JB - no notice under Section 143(2) of the Act issued on the revised return - HELD THAT:- Admittedly, the first three issues involved in this appeal are covered by decisions of this Court in the case of the assessee as well as in GOKALDAS IMAGES P. LTD.[2020 (11) TMI 345 - KARNATAKA HIGH COURT].Therefore, substantial question of law Nos.2 to 5 are answered against the revenue Validity of assessment - absence of notice under Section 143(2) - HELD THAT:- Since the issue with regard to validity of the proceedings on account of absence of notice under Section 143(2) of the Act has not been examined by the Tribunal, therefore, we set aside the order of the Tribunal and remit the matter to the Tribunal to consider the effect of the assumption of jurisdiction by the Assessing Officer on account of non issuance of notice under Section 143(2) of the Act. Since the matter is being remitted to the Tribunal therefore, it is not necessary for us to deal with the first substantial question of law.
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