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Late Shri Ashok Kumar Goel Leagial Heir ... vs Income Tax Officer Ward-4, Hoshiarpur on 15 June, 2023

An order dated 09.10.2017 by the Civil judge (Junior Division), Hoshiarpur in the case of Vipan Kumar versus Sh. Ashok Kumar pronounced the decree in favour of the plaintiff by giving the final finding that Goel Ice Mill was a partnership firm and not a proprietorship concern in which Surinder Nath having 35% share each and Vijay Kumar having 30% share in said firm. Thus, it was clear that Goel Ice Mill was a firm and the contention of the assessee that our partnership firm stood dissolved w.e.f. 2002 on the death of one of the partnerwas not accepted as it was clear from the order of Civil judge (Junior Division), Hoshiarpur.A number of notices u/s 148 dated 31.03.2019, u/'s 142(1) dated 22.08.2019,11.10.2019 and 08.11.2019 were issued.In response to these notices, assessee I.T.A. No.29/Asr/2022 Assessment Year: 2012-13 8 firm did not file its return of income, therefore, there was no alternative left behind than to frame the assessment u/s 144 of the Act to the best ofA.O's my judgment and on the basis of material available on record, the returned income declared at Rs. 2,84,438/- by. him as proprietor of Goel Ice Mills, Una Road, Hoshiarpur was treated to be the income of the partnership firm. As assessee has not filed return of income for the firm salary and interest paid to partners were not allowable."
Income Tax Appellate Tribunal - Amritsar Cites 8 - Cited by 0 - Full Document
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