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| The Tax Publishers2020 TaxPub(DT) 1012 (Mad-HC) INCOME TAX ACT, 1961
Section 113
Following Supreme Court decision in CIT, Bangalore v. K. Raheja Hotels & Estate (P) Ltd Finance Act, 2003, wherein it was held that surcharge in respect of block assessment of undisclosed income was made prospective, matter was remanded back to Tribunal.
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Search and seizure - Block assessment - Levy of surcharge -
Issue was as regards levy of surcharge in case of block assessment. Held: Following CIT, Bangalore v. K. Raheja Hotels & Estate (P) Ltd. ((2015) 228 Taxman 5 (SC) : 2015 TaxPub(DT) 0189 (SC)), matter was to be sent back to Tribunal for deciding appeal again.
Followed:CIT., Bangalore & Anr. v. M/s. K. Raheja Hotels & Estate (P) Ltd. (2015) 228 Taxman 5 (SC) : 2015 TaxPub(DT) 0189 (SC) CIT v. Suresh N. Gupta (2008) 297 ITR 32 (SC) : 2008 TaxPub(DT) 1438 (SC)
REFERRED :
FAVOUR : In assessee's favour
A.Y. :
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