M/S. DEVELOPMENT CONSULTANTS PVT. LTD. vs. COMMISSIONER OF INCOME TAX, KOLKATA-IV, & ANR.

The appeal is allowed

Bench: :

250 (SC) wherein identical argument was made by the revenue before the Hon’ble Supreme Court placing reliance on Goetzee India Limited. The said argument was rejected by the Hon’ble Supreme Court and it was held that such a limitation would apply to the assessing authority only but it will not impinge upon plenary powers of the Tribunal under