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March 2017

46. Appellate Tribunal – Power to enhance – Tribunal has no power to enhance assessment

By K. B. Bhujle, Advocate
Reading Time 1 mins

Fidelity Shares and Securities Ltd. vs. Dy. CIT; 390 ITR
267 (Guj)
:

Dealing with the scope of the power of the Tribunal under the
Income-tax Act, 1961 the Gujarat High Couirt held as under:

“The Tribunal has no power under
the Income-tax Act, 1961 to enhance assessment.”

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