Case Law Details
Case Name : CIT Vs. Backbone Enterprises (Gujarat High Court)
Related Assessment Year :
Courts :
All High Courts Gujarat High Court
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SUMMARY OF THE CASE LAWS
Where the assessee had bona fide made a claim for deduction under section 80-IA which came to be rectified by filing a revised return withdrawing the claim, there was no concealment or furnishing of inaccurate particulars of income on the part of the assessee.
CASE LAWS DETAILS
DECIDED BY: HIGH COURT OF GUJARAT, IN THE CASE OF: CIT Vs. Backbone Enterprises, APPEAL NO: Tax Appeal No. 560 of 2009, DECIDED ON May 4, 2010
FACTS
The respondent assessee filed its return of income on 24.10.2001 claiming deduction under section 80IA of the Act. The Assessing Officer noticed th...
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Not only by furnishing revise return but also by ofering in regular assessment before any point out by the Ao.