TaxTMI Login
🎉 Festive Offer: Flat 15% off on all plans! →⚡ Don’t Miss Out: Limited-Time Offer →
TaxTMI 
Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
When case Id is present, search is done only for this
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Delhi HC permits new ground under Sec. 43B IT Act post NTPC ruling</h1> <h3>COMMISSIONER OF INCOME TAX Versus SH. JAGDISH PRASAD GUPTA</h3> The Delhi HC allowed the Revenue to raise a new ground under Section 43B of the Income Tax Act, 1961, following the SC decision in National Thermal Power ... Addition u/s 43B - Revenue seeks to raise a new and additional ground as relying on NATIONAL THERMAL POWER COMPANY LIMITED [1996 (12) TMI 7 - SUPREME COURT] - HELD THAT:- As submitted that the issue raised is legal. Principal Commissioner of Income Tax would file an affidavit to the said effect. This is necessary as Revenue must maintain and have consistent stand and stance, whether it is an appeal by the Revenue or the assessee. The Delhi High Court allowed the Revenue to raise a new ground based on Section 43B of the Income Tax Act, 1961, citing the Supreme Court judgment in National Thermal Power Co. Ltd. vs. Commissioner of Income Tax. The Principal Commissioner of Income Tax was directed to file an affidavit supporting this ground. The case was re-listed for December 14, 2018.
TaxTMI 
