1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
TaxTMI Login
🚀 New: Section-Wise Filter ✕
Just a moment...
1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
---------------- For section wise search only -----------------
Accuracy Level ~ 90%
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>Tax Credits Introduced in 2008-09 Cannot Be Taxed Later</h1> The High Court of Madhya Pradesh upheld the decision that credits introduced in Assessment Year 2008-09 cannot be taxed in subsequent years. The appeal ... Unexplained cash credit - Assessment year - HELD THAT:- The view taken by the Appellate Authority and the Tribunal is in consonance with the settled legal position that credits introduced in Assessment Year 2008-09 cannot be taxed in subsequent Assessment Year. Counsel for the respondent has also relied on the decision in the case of CIT vs. Lakshman Swaroop Gupta & Bros. [1972 (11) TMI 20 - RAJASTHAN HIGH COURT]. This being the settled legal position, we reject this appeal, which raises that issue as substantial question of law. The High Court of Madhya Pradesh upheld the decision that credits introduced in Assessment Year 2008-09 cannot be taxed in subsequent years. The appeal was rejected based on this settled legal position.
TaxTMI 
TaxTMI 
