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2017 (11) TMI 374 - ITAT KOLKATAScope of adjustment permissible under section 143(1) - Status of the trust - Held that:- We find merit in the alternative contention of the learned counsel for the assessee that the issue relating to the determination of the status of the assessee as well as the rate of tax applicable to it is highly debatable and the same is beyond the scope of adjustment permissible under section 143(1). Therefore, accept the alternative contention raised by the assessee and setting aside the impugned order of the Ld. CIT (A), I direct the AO to take the status of the assessee as claimed in the return of income and levy tax accordingly. Appeal of the assessee is allowed.
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