Thursday 17 October 2013

HC slams revenue, dismisses its appeal as various aspects of impugned issue were left open by revenu

IT: Where Assessing Officer allowed assessee's claim for deduction of privilege fee paid to State Government and Commissioner revised order of Assessing Officer holding that privilege fee could not be allowed as deductible expenditure and further Tribunal remanded matter to Commissioner for re-examination, since all aspects of matter being left open by Tribunal, appeal filed by revenue was liable to be dismissed


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