Case Law Details
Case Name : Commissioner of Income-tax vs. M/s. Everest Kento Cylinders Ltd. (Bombay High Court)
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Courts :
All High Courts Bombay High Court
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Brief facts of the case pertaining to section 14A of the Income-tax Act, 1961 (hereinafter referred to as the “Act”) –
Everest Kento Cylinders Ltd. (hereinafter referred to as the “Assessee” or the “Respondent”) was engaged in making High Pressure Gas Cylinder services and compressed natural gas cylinder. The Assessee company filed an E-return on 31.10.2007 declaring total income of Rs.71,90,77,156/- under the Act and showing book profit of Rs.70,18,79,265/- under section 115JB of the Act. The return was processed under section 143(1) of the Act on 3.12.2008.
The Assessee had rec...
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BUT OFFICERS DO THERE ON OWN. THEY EVEN DONT LISTEN TO PRACTIONERS. IT IS IN HANDE WHAT TO ADD IN INCOME AND WHAT NOT, GENERALY THEY FORCED TO ADD ALL IN INCOME OF ASSESSEE. WILL WE GET RELIEF. RELIF WILL BE THERE IF OFFICERS FOLLOW THESE GUIDELINES