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No Addition if income from joint venture is not in proportion to share of investment
Case Law Details
- Case Name
- Commissioner of Income-tax -IV Vs G.K. Patel & Co. (Gujarat High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Gujarat High Court
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HIGH COURT OF GUJARAT
Commissioner of Income-tax -IV
Versus
G.K. Patel & Co.
Tax Appeal No. 1580 of 2011
November 27, 2012
ORDER
Akil Kureshi, J. – Revenue is in appeal against the judgement of the Income Tax Appellate Tribunal dated 9.9.2011. Following questions have been presented for our consideration:
“[A] “Whether the Appellate Tribunal is right in law and on facts in deleting the disallowance of Rs. 28,77,867/- made u/s 40A(2)(b) in respect of payment made to G.K. Engg.?”
[B] “Whether the Appellate Tribunal is right in law and on facts in deleting the di...
