1970 (9) TMI 23 - HC - Income Tax

Power of Appellate Assistant Commissioner - whether the Tribunal correctly held that the Appellate Assistant Commissioner was not competent to give a finding that the sum of Rs. 1, 00, 000 was assessable in the year 1956-57

Summary

The High Court of Allahabad ruled in a case involving an income tax assessment for a registered firm engaged in forest contracts. The Appellate Tribunal held that the Appellate Assistant Commissioner exceeded his jurisdiction by determining that a sum of Rs. 1,00,000 was assessable in a different year. The Tribunal's decision was upheld, and the Commissioner of Income-tax, U.P., was ordered to pay the assessee Rs. 200 as costs. (Case Citation: 1970 (9) TMI 23 - ALLAHABAD High Court)