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1 - 10 of 18 (0.31 seconds)Section 147 in The Income Tax Act, 1961 [Entire Act]
Section 148 in The Income Tax Act, 1961 [Entire Act]
The Income Tax Act, 1961
Section 92CA in The Income Tax Act, 1961 [Entire Act]
Mahasukhram Madanlal vs Commr. Of Income-Tax on 8 April, 1954
- Mahasukhram Madan Lal vs. CIT (1955) 28 ITR 299 (Pat.)".
Commnr. Of Income Tax, Delhi vs M/S. Kelvinator Of India Ltd on 18 January, 2010
his mind which evident from the fact that he re-computed the deduction
allowable u/s.44C of the I.T. Act, 1961. Therefore, the present case is
one of a mere change of opinion which is not permissible as observed by
the Hon'ble Supreme Court in the case of Kelvinator of India Ltd.(supra).
The ratio of that decision is squarely applicable to the facts of assessee's
case. Hence, keeping in view the observation of the Hon'ble Supreme
Court in mind, the only inescapable conclusion is that section 147/148
proceedings are without jurisdiction. We, therefore, quash the
assessment framed u/s.147 r.w.s. 148 of the I.T. Act, 1961 on
10/12/2007.