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1 - 6 of 6 (0.17 seconds)Section 148 in The Income Tax Act, 1961 [Entire Act]
Trustees Of H.E.H. The Nizam'S ... vs Commissioner Of Income Tax on 16 February, 2000
Therefore, in the light of the judgement of
the Hon'ble Apex Court in the case of Trustees of H.E.H. the Nizam's
Supplemental Family Trust vs. CIT(supra), the AO ought not to have
been reopened the assessment. Therefore we hold that the reopening of
the assessment is not in accordance with law. We find no merit on the
reason for reopening as stated by the AO is that the auditor had made a
note in Schedule-T to balance-sheet that "There was a survey
proceedings by Income-tax Department at the Factory/Office premises of
the Company on 30.01.2002. As per the physical verification stock found
to be Rs.32,10,489/- and as per books it was Rs.22,06,723/-.
Section 139 in The Income Tax Act, 1961 [Entire Act]
Section 237 in The Income Tax Act, 1961 [Entire Act]
The Income Tax Act, 1961
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