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)

Daily Limit Reached

You have reached your daily limit of 2 Free Judgements

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?
  • No Ads
  • WhatsApp Broadcasts
  • Daily E-Newsletter
  • Unlimited Judgements Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits

Already a PRO member? Login here for an ad-free experience.

 

Guest
Published in Income Tax
Views : 3495
Share Report Abuse
Comments


Recent Judgments :

  1. Forest Development Tax Demand, Collection and Refund Subject to Final Outcome of Pending Cases
  2. SC : Extended Limitation Cannot Be Invoked Where Department Was Aware of Valuation Facts
  3. SC : Selling Shares While in Possession of UPSI Constitutes Insider Trading Even if No Profit Is Made
  4. SC : Laser Imagers Compatible with Machines Under Different Tariff Headings Classifiable Under CTH 9033
  5. Education Consultancy Services to Foreign Universities Not Intermediary Services; Refund of IGST on Export of Services Allowed
  6. Penalty Cannot Be Confirmed Beyond What is Specified in Statutory Form GST DRC-01
  7. Non-Supply of Field Visit Report Vitiates Rejection of Revocation Application
  8. Alternative Remedy before GSTAT to be Exhausted Despite Allegation that Adjudication Travelled Beyond SCN
  9. ITAT Jodhpur: AO Allows ₹2.61 Crore Deduction under Sections 54EC and 54F; Assessee's Appeal Dismissed as Infructuous
  10. CESTAT Revokes Suspension of Customs Broker Licence for Non-Compliance with Mandatory 15-Day Hearing Requirement

View More Judgments »


Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member P.VENKATA SATISH KUMARP.VENKATA SATISH KUMARPro Member ABHISHEK RATHOREABHISHEK RATHOREPro Member Tanuj Kumar SharmaTanuj Kumar SharmaPro Member xavierxavierPro Member Arun BoradArun Borad
Subscribe to Pro
Join an elite circle of professionals

Browse by Category