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Case Law Details

Case Name : Topstar Mercantile Pvt. Ltd Vs. ACIT (Bombay High Court)
Related Assessment Year :
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The Bombay High Court ruled that once the taxpayer’s submissions with respect to section 14A was accepted by a tax officer, the Tribunal cannot send back the same matter for the tax officer’s re¬consideration.

Recently, the Bombay High Court in the case of Top star Mercantile Pvt. Ltd v. ACIT (2009-TIOL-458-HC-MUM-IT) has held that the Income-tax Appellate Tribunal (the Tribunal) was not justified in sending back the matter to Assessing Officer (AO) to consider the applicability of section 14A of the Income Tax Act, 1961

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