Revision u/s 11(1) - Tribunal enhanced the tax liability by ...

VAT and Sales Tax

June 8, 2013

Revision u/s 11(1) - Tribunal enhanced the tax liability by making a fresh estimation. - Tribunal is a final fact finding authority, no interference is required - HC

View Source

← Previous Next →

Revision u/s 11(1) - Tribunal enhanced the tax liability by ...

VAT and Sales Tax

June 8, 2013

You may also like:

Method of accounting - income recognition - Addition made on estimation basis on construction of housing projects - CIT(A) cannot substitute his assessment to say that...

Whether the Income-tax Appellate Tribunal was justified in denying exemption under section 11 of the Income-tax Act for violation of section 13(1)(d) - HC

The Merchandise Exports from India Scheme (MEIS) rates for certain items has been enhanced for exports made on or after 01.11.2017

Estimation of commission income on accommodation entries - while deciding identical issue in assessee’s own case, the Tribunal, has upheld estimation of commission...

Power of Tribunal to enhance the tax liability - The Tribunal is an independent adjudicatory authority having jurisdiction to determine the liability to pay tax. Under...

Revision u.s 263 - assessment order passed pursuant to the revisionary order has resulted in reduction of tax liability - not prejudicial to the interest of the Revenue...

Penalty u/s 271(1)(c) - estimation of income - bogus purchases - penalty u/s 271(1)(c) of the Act cannot be levied where the addition is made on estimate basis - AT

TDS liability u/s 194A - Interest received on compensation for agricultural land - Award of Compensation - It is infact an enhanced compensation - No TDS liability.

Claim of exemption u/s 11 - AO’s observations that assessee changed the memorandum of association so that fresh registration is required does not hold good where the...

Revision u/s 263 - Exemption claimed u/s 80 IB(11- C) - If certain assessment order was made by the Income Tax Officer the same could not be branded as erroneous by the...

Quick Updates: