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Case Law Details

Case Name : Gilbs Computer Vs. ITAT (Bombay High Court)
Related Assessment Year :
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The assessee, having been assessed to a loss of Rs. 9 crores, filed an appeal before the Tribunal. S. 253 (6) provides that if the assessed ‘total income’ is “less” than Rs. 1 lakh, a fee of Rs. 500 for filing the appeal is payable while if the income is “more”, a higher fee is payable subject to a maximum of Rs. 10,000. The Tribunal took the view that if the loss was more than Rs. 1 lakh, the total income would be more than Rs.1 lakh (although negative) and a higher fee was payable on the basis that the object behind s. 253(6) was t

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0 Comments

  1. ASHIT says:

    I want to know that is Assessed Income includes carried forward lossess of the past years being set off in the year and then we have to consider that figure for filling of appeal or before that…….???

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