Case Law Details
Case Name : Sannidhi C. Patel Vs ITO (ITAT Mumbai)
Related Assessment Year :
Courts :
All ITAT ITAT Mumbai
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The assessee was given a sum of Rs.25 lakh by Ustad Zakir Hussain (an eminent Tabla Artist) in pursuance of a general Power of Attorney dated 01st March, 2002, for the purpose of making investment with HSBC Bank, portfolio management scheme on his behalf. The said amount was deposited in bank account number 6882 (Bank of Baroda).
The assessee issued a cheque for deposit in HSBC Bank account for investment in portfolio management scheme. The copy of bank pass-book of Ustad Zakir Hussain (SB AC No.67 15 with Bank of B
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very sad what kind of AOs are there? AOs not understanding their own provisions unnecessarily harass the taxpayer is evident in this case..it is high time for finance ministry of government of india that they should not give postings of AOs who are half baked AOs, unnecessarily offending the honest tax payers too due to these AOs half knowledge of laws so also so called panel counsels or advocates…sooner or later tax payers who are harassed by AOs obviously for some considerations ,would be moved against that means the vicarious liability would fall on the revenue to pay exemplary damages, as none can be protected leave alone the great revenue men…i say all this in the interest of cordial relations the revenue need to maintain with honest tax payers whgo may not grease the hands of these kinds of public servants….sooner the Art 311 also cannot protect these kinds of public servants, that all public servants should and must know.