| Case ID |
d53004bf-828f-4c69-827b-55005b5b2054 |
| Body |
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| Case Number |
Income tax Case No. 22 of 1981 |
| Decision Date |
Aug 22, 1988 |
| Hearing Date |
|
| Decision |
The Tribunal's order was reviewed, and the judges found that significant questions of law arose from the case. Specifically, they addressed whether the Tribunal erred in affirming the deletion of Rs. 32,094 as income from other sources, whether the reopening of the assessment was legally justified, and whether the Tribunal failed to provide findings on the remission of interest allowed by the Appellate Assistant Commissioner. The judges directed the Tribunal to state a case and refer these questions for further consideration. |
| Summary |
This case revolves around the Income Tax Act, 1922, where the Tribunal's decision was challenged regarding the deletion of income from other sources and the legality of reopening assessments. The ruling highlights the importance of procedural correctness in tax assessments and the need for clear judicial findings on critical issues such as interest remission. The judges emphasized the necessity for the Tribunal to clarify its decisions on these matters, thereby reinforcing the principles of tax law and judicial oversight. This case serves as a significant reference for future income tax adjudications, particularly in relation to procedural fairness and the interpretation of tax statutes. Keywords: Income Tax Act, Tribunal decisions, tax assessments, judicial findings, procedural correctness. |
| Court |
Punjab and Haryana High Court
|
| Entities Involved |
COMMISSIONER OF INCOME TAX,
NATIONAL INDUSTRIAL CORPORATION
|
| Judges |
V. RAMASWAMI C.J.,
G. R. MAJITHIA, J
|
| Lawyers |
Ashok Bhan for Commissioner,
Bhagirath Dass for Assessee,
C.B. Goel for Assessee
|
| Petitioners |
COMMISSIONER OF INCOME TAX
|
| Respondents |
NATIONAL INDUSTRIAL CORPORATION
|
| Citations |
1990 SLD 29,
1990 PTD 238
|
| Other Citations |
Not available
|
| Laws Involved |
Income Tax Act, 1922
|
| Sections |
Not available
|