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Bombay HC: Assessee Cannot Seek Relief on ₹16 Lakh Already Disallowed in Income Computation
Case Law Details
- Case Name
- PCIT-17 Vs Time & Space Haulers (Bombay High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Bombay High Court
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PCIT-17 Vs Time & Space Haulers (Bombay High Court)
The Bombay High Court considered a Revenue appeal under Section 260A of the Income Tax Act, 1961, challenging the Income Tax Appellate Tribunal’s order for Assessment Year 2007-08. The Revenue raised two questions of law: (i) whether the Tribunal was justified in upholding the Commissioner (Appeals)’ order despite the Assessing Officer rejecting the books of account under Section 145(3), and (ii) whether the Tribunal was justified in restricting a disallowance of ₹16 lakh to ₹3 lakh when the assessee had itself disallowed ...
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