Additional grounds and document not submitted before AO is allowed and remitted to file of AO for reconsideration


Last updated: 04 June 2013

Court :
INCOME TAX APPELLATE TRIBUNAL

Brief :
of DCIT, Circle 1(1), New Delhi in treating a sum of Rs. 36,00,000/- representing income from joint venture with M/s Auto Link (I) Pvt. Ltd., as “income from other sources” as against “Business income” declared by the appellant.

Citation :
M/s Allied Motors Limited, 5, Scindia House, Connaught Place, New Delhi – 110001 (PAN: AAACA1522C) (Appellant) Vs. DCIT, Circle 1(1), New Delhi I.T.A. No. 3964/Del/2011 A.Y.: 2007-08 (Respondent)

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Published in Income Tax
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