Supreme Court of India
Income Tax Officer Ward No. 16 (2) v. M/s Techspan India Private Ltd. & Anr.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
1 Supreme Court bench has cited this judgment.
What the Court ordered
We are of the view that impugned judgment and order of the High Court dated 24.02.2006 does not call for any interference.
Judgment, page 10
From the headnote
Income Tax Act, 1961 – s.147 – Scope of – Held: s.1 47 empowers the Assessing authority to re-assess any in come on the ground which was not brought on record during the o riginal proceedings and escaped his knowledge; and the said fact would have material bearing on the outcome of the relevan t assessment order – In the instant case, assessee declared its inc ome from two sources, namely software development and human reso urce development but claimed expenses commonly for both – Notice was issued to show cause as to why the expenses claimed with r egard to the allocation of common expenses
Where later benches applied it
Of those, 1 referred to
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