COMMISSIONER OF INCOME-TAX versus INDIAN CHAMBER OF COMMERCE
Information on the analysis that has been left out of the assessment of income The 76 exemptions under section 11 for the Chamber of Commerce assessment year 1973 74 to 1975 were rejected by the Assessing Officer and were upheld by the Supreme Court and thereafter section 147. (B) proceedings in connection with the subscription and entry fee were commenced. The Appellate Tribunal directed the AAC to consider the issue of whether the Assessment under section 11, 1973 74 to 1976 77 in view of the subsequent decision of the Supreme Court (1980) 121 ITR 1 Tribunal Assistants are not allowed to instruct Commissioners to reconsider the waiver question under section 11 as it was finalized in view of the Supreme Court decision which stated that the three years Indian Income Tax Act, 1961, section 147 And 153
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