2009 (2) TMI 71 - HC - Income Tax

Notices issued under Section 148 as regards applicability of provisions of Section 35D, on the basis of assessment framed for A.Y. 1995-96 for Assessment Year 1995-96, petitioner company s claim for deduction under section 35D, has been held to be inadmissible by tribunal appellant s request not to press the petitions in light of the aforesaid order of Tribunal, is accepted - petitions stand rejected as not pressed in the circumstances

Summary

The High Court of Gujarat dismissed three petitions challenging Notices issued under Section 148 of the Income Tax Act for Assessment Years 1988-89 to 1994-95. The Notices were based on the assessment for the year 1995-96, where the petitioner's claim for deduction under Section 35D was found inadmissible by the Tribunal. The petitions were not pressed and were rejected accordingly.