Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2007 (1) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2007 (1) TMI 106 - HC - Income TaxDept. raised question that Trust is not validly created on ground that sole beneficiary of trust was not in existence at time of creation - Merely because Revenue had not accepted the decision of the Tribunal & the reference made was pending, it can’t be said that there was any mistake apparent on the record & therefore, action u/s 154 to charge tax on higher rate u/s 164, was not warranted – AO is not justified in taking recourse to sec. 164 - assessment order passed u/s 154 is not justified
|