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Income Tax - Highlights / Catch Notes

Home Highlights May 2019 Year 2019 This

Non recording of finding of facts - income from sale of shares - ...


Tribunal's Order Challenged for Lack of Factual Findings on Share Sale Income; Case Remanded for Review.

May 3, 2019

Case Laws     Income Tax     HC

Non recording of finding of facts - income from sale of shares - What the assessee had to prove before the lower adjudication authorities was that it continued to be an investor in current AY. This finding of fact has not been entered at any stage of the proceedings. - impugned order of the tribunal is erroneous and perverse, give rise a substantial question of law - matter remanded

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