https://www.taxtmi.com/caselaws?id=27378 The High Court of Bombay ruled in favor of the petitioner, a public limited company, in a case challenging an order passed by the Income Tax Officer under section 141A of the Income Tax Act, 1961. The court held that the ITO exceeded his authority by demanding tax through the order under section 141A, which is limited to making provisional assessments for refundable sums, not determining and demanding tax. The impugned order was deemed invalid and quashed, emphasizing the statutory limitations on the ITO's powers. The petition was allowed, with no order as to costs, ensuring tax authorities operate within legal boundaries. en-us Mon, 19 Dec 1983 00:00:00 +0530 Fri, 12 Feb 2010 13:52:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27378 The High Court of Bombay ruled in favor of the petitioner, a public limited company, in a case challenging an order passed by the Income Tax Officer under section 141A of the Income Tax Act, 1961. The court held that the ITO exceeded his authority by demanding tax through the order under section 141A, which is limited to making provisional assessments for refundable sums, not determining and demanding tax. The impugned order was deemed invalid and quashed, emphasizing the statutory limitations on the ITO's powers. The petition was allowed, with no order as to costs, ensuring tax authorities operate within legal boundaries. Case-Laws Income Tax Mon, 19 Dec 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27378