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Income Tax - Highlights / Catch Notes

Home Highlights October 2018 Year 2018 This

Estimation of income on account of “on-­money” - As the last ...

Income Tax

October 22, 2018

Estimation of income on account of “on-­money” - As the last fact finding authority, the Tribunal was not empowered to apply the formula and which was invented by it.

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  2. If the Tribunal is last fact finding authority and was dealing with a statutory Appeal, we would expect it not to dispose of the same by a cryptic and short order - HC

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