Official Liquidator of Various Companies (In Liqn.) v. NA

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The Tax Publishers2020 TaxPub(DT) 4628 (Guj-HC)

INCOME TAX ACT 1961

Section 260A

Prayer to revise professional fees for filing of income-tax return of each companies under liquidation was accepted after having heard submissions made and after perusal of the order passed by Tribunal, and having regard to provisions incorporated in Income Tax Act.

Appeal (High Court) - Substantial question of law - Revision of professional fees for filing of income-tax return of each companies under liquidation -

Assessee filed request to revise professional fees for filing of income-tax return of each companies under liquidation from present rate, i.e., Rs. 1,300 to Rs. 2,500 per company per assessment year. Held: Having heard submissions made and after perusal of the order passed by Tribunal, and having regard to provisions incorporated in IT Act, prayer appears to be reasonable and deserves to be partly accepted. Thus, professional fees for filing income-tax return of each company in liquidation is fixed at Rs. 2,000.

REFERRED :

FAVOUR : Partly in favour of assessee

A.Y. :

IN THE GUJARAT HIGH COURT