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1 - 10 of 13 (0.40 seconds)Section 147 in The Income Tax Act, 1961 [Entire Act]
Section 148 in The Income Tax Act, 1961 [Entire Act]
Finance Act, 2012
Section 151 in The Income Tax Act, 1961 [Entire Act]
M/S. Phool Chand Bajrang Lal And Another vs Income-Tax Officer And Another on 13 July, 1993
10. On the basis of the aforesaid judgment in
M/s.Phool Chand Bajrang Lal (supra), she submits
that if the assessing officer comes in possession
of any document and material, which was not
considered while finalising the assessment orders,
that would itself be sufficient for re-opening the
assessments earlier completed. In this case, the
Circular was not considered by the earlier
assessing officer at the time of completing the
assessment orders and, therefore, the decision to
WP(C)s 14875 & 15023/22
12
re-open the assessments had been taken, which is
not liable to be interfered with. She further
submits that once the assessment orders have been
passed, the remedy of the petitioner is to
challenge those orders before the appellate
authority and not before this Court to interfere
with the assessment orders.
The Income Tax Act, 1961
Commissioner Of Income Tax 5 Mumbai vs M/S. Essar Teleholdings Ltd. Through ... on 31 January, 2018
17. Rule 8D of the Income Tax Rules, 1962,
prescribing the methodology for determining the
amount of the expenditure in addition to income
not includible in total income, was inserted with
effect from 24.3.2008 to implement sub-Sections
(2) and (3) of Section 14A. It is a clear
indicator that a new method for computing the
expenditure was brought in by the Rules, which was
to be utilised for computing the expenditure for
the assessment years 2007-08 and onwards, as held
in CIT v. Essar Teleholdings Ltd. [(2018) 401 ITR
445 (SC)].