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ALL CARGO 153A CONFIRMED BY BOMBAY HIGH COURT ORDER DT21.4.2015

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..... ALL CARGO 153A CONFIRMED BY BOMBAY HIGH COURT ORDER DT21.4.2015
Query (Issue) Started By: - MALAY CHATURVEDI Dated:- 13-5-2015 Income Tax
Income Tax
"37. We do not see as to how while allowi .....

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..... ng the appeal of the assessee and setting aside the order of the Commissioner under section 263 could the judgment be said to be laying down a proposition and as canvassed by Mr. Pinto. True it is tha .....

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..... t the assessment which has to be made in pursuance of the notice is in relation to the six years. An order will have to be made in that regard. While making the order the income or the return of incom .....

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..... e filed for all these assessment years is to be taken into account. A reference will have to be made to the income disclosed therein. However, the scope of enquiry, though not confined as held by the .....

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..... High Court of Karnataka, it essentially revolves around the search or the requisition under section 132A as the case may be. We do not find anything in these observations and reproduced above which wo .....

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..... uld enable us to conclude that the Division Bench judgment of this Court in the case of Murli Agro requires reconsideration or does not lay down a correct principle of law. We cannot, therefore, acced .....

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..... e to the submissions of Mr. Pinto and revisit any of the conclusions rendered by the Division Bench of thisCourt."
Discussion Forum - Knowledge Sharing .....

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