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National Thermal Power Co. Ltd. vs Commissioner Of Income Tax on 4 December, 1996

3. This appellant's appeal before the Commissioner (Appeals) was allowed. However, the order of the further appeal of the department before the Income Tax Appellate Tribunal was allowed. The appellant has approached this court and has submitted that the Tribunal was wrong in upholding the assessing officer's order. He has relied upon the decision of this court in National Thermal Power Company Ltd. Vs. CIT MANU/SC/1287/1997 : [1998] 229 ITR 383 (SC), to contend that it was open to the assessee to raise the points of law even before the Appellate Tribunal.
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