Case Law Details
Case Name : Madhabi Nag Vs ACIT (ITAT Kolkata)
Appeal Number : ITA No.512/Kol/2015
Date of Judgement/Order : 09/12/2015
Related Assessment Year : 2008-09
Courts :
All ITAT ITAT Kolkata
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
CA Prarthana Jalan
Hon’ble Kolkata ITAT has in its judgement of Madhabi Nag v/s ACIT has placed reliance on The CBDT Circular No.14 of 1955 dated 11.04.1955 and has taken a view that the officers of the department must not take advantage of ignorance of the assessee about his rights and it is their duty to assist the tax payer in every reasonable way particularly in the matter of claiming and securing reliefs.
Brief facts of the case were that The assessee for the A.Y.2005-06 had filed the return of income declaring Long Term Capital Gain on sale of shares of Rs.12,32,025/-. The AO issued an intimation u/s 143(1) of the Income Tax Act, 1961 (Act) dated 03.02.2010 accepting the income returned by the assessee.
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
Author Bio
Any mistake can be rectifed, if the assessee failed to claim deduction for which he is eligible shall be allowed. It is duty of the officer to help him and pass the correct order.