Case Law Details
Case Name : Shilpa Shetty Vs ACIT (ITAT Mumbai)
Related Assessment Year :
Courts :
All ITAT ITAT Mumbai
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Mumbai ITAT Ruling – Section 92 of the Act is not an independent charging section to bring in a new head of income or to charge tax on income which is otherwise not chargeable under the Act. Accordingly, the ITAT held that, if no income accrues or arises or is received by the assessee under section 5, no notional income can be brought to tax under section 92 of the Act.
Shilpa Shetty vs. ACIT (ITAT Mumbai), ITA Appeal Nos. 2445/Mum/2014
Facts of the case:
Shilpa Shetty (the assessee), an individual, is a resident in India and is mainly engaged in the profession of film acting and also fu...
This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
Author Bio
worth reading