Superb Minerals Private Ltd. v. Income Tax Officer RANGE-2(1), Nashik and Ors.
Bombay HCWP/1219/2006
Case brief
AI extract
What is this about?
The High Court Bombay dismissed the writ petition in limine, relying on a connected writ petition. While dismissing, it granted liberty to the petitioner to raise specific grounds before the Assessing Officer and on appeal regarding expenditure nexus and escapement of income.
What did the court decide?
Liberty to raise plea before Assessing Officer regarding expenditure nexus and no escapement of income, and in appeal on adverse order.