Sponsored
    Follow Us:

Case Law Details

Case Name : Sh. Nandkishore Bhikamchand Rathi Vs ITO (ITAT Nagpur)
Appeal Number : ITA No.126/NAG/2017
Date of Judgement/Order : 07/06/2022
Related Assessment Year : 2012-13
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

Sh. Nandkishore Bhikamchand Rathi Vs ITO (ITAT Nagpur)

The assessment order passed by disallowing an amount of Rs.5,18,596/- on the ground that the assesse has not followed the provision of Section 194A r.w.s. 40(a)(ia) of Income Tax Act, 1961.

ITAT find both the CIT(A) and the AO have not examined as to whether or not Smt. Kamalabai B. Rathi has taken into account of the income of interest received from the assessee of Rs. 1,64,130/- while computing the income in her return filed on 29.03.2013 and whether she has paid the tax due on the income declared by her in the return or not in terms of second proviso to Section 40 (i))(ia) R/w first proviso to Section 201(1) of the Act.

Therefore, ITAT inclined to remand the matter to the file of Ld. AO to examine as to whether or not Smt. Kamalabai B. Rathi has taken into account of the income of interest received from the assessee of Rs.1,64,130/- while computing the income in her return filed on 29.03.2013 and has paid the tax due on the income declared by her in the return, on examination of the same, the AO is directed to decide the issue in accordance with law.

FULL TEXT OF THE ORDER OF ITAT NAGPUR

Please become a Premium member. If you are already a Premium member, login here to access the full content.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031