Saturday 28 June 2014

ITAT rightly dismissed revenue’s appeal as tax effect was ‘Nil’ even after disallowance due to sec.

IT : Where Tribunal finding that in view of certain deductions available to assessee tax effect in revenue's appeal would be nil, dismissed said appeal relying upon CBDT Instruction No. 5, dated 15-5-2008, order so passed by Tribunal did not require any interference


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