Sponsored
    Follow Us:

Case Law Details

Case Name : Nakamichi Securities Limited Vs. Commissioner of Income Tax (ITAT Kolkata)
Related Assessment Year : 2007-08
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

Rebate under section 88E was to be allowed from the tax computed as per provisions of section 115JB to find out whether after set off of rebate under section 88E, any tax liability remained or not. Admittedly the tax liability as per MAT provisions was Rs.7,56,694/- and rebate admissible under section 88E was Rs.26,98,260/-. Therefore, in any view of the matter, no prejudice was caused to the revenue by non-consideration of provisions of section 115JB by Assessing Officer. Therefore, ld. CIT’s order cannot be sustained.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.

0 Comments

  1. Shyam Jaisingh says:

    I am looking for the High Court Judgement in Horizon Capital Ltd which was decided after the ITAT decision in its case of ITA No 592(Bng)/10.

    Another similar case was DCIT v/s MBL & Co Ltd wherein again the High Court has decided this issue of Sec 88E and 115JB

Leave a Comment

Your email address will not be published.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

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
March 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31