CIT v. Indeo Airways Pvt. Ltd.
349 ITR 85High Court2012#937 most cited
What is CIT v. Indeo Airways Pvt. Ltd. authority for?
When the Revenue relies on seized documents reflecting both income and expenditure components, it must consider the entirety of the document holistically and cannot selectively tax only the income side without allowing corresponding expenses. It is inequitable to tax gross cash receipts from business operations without allowing directly linked outflows.
114
judgments rely on this decision, according to BharatTax’s citation analysis of 292,668 Indian tax judgments — from 2016 to 2026.
Also referred to as
CIT v. Indeo Airways Pvt. Ltd. · seized documents · section 132 · section 153A · holistic consideration · income and expenditure entries · allowance of expenses · undisclosed business income · section 292C · selective reliance
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Issues it is cited on
Judgments citing CIT v. Indeo Airways Pvt. Ltd.
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