Commissioner of Income Tax, vs. Dr. T.Ravi Kumar,
ITTA/102/2012HC Telangana24 Jul 2013
Bench: : The Hon’Ble Justice Surya Prakash Kesarwani & The Hon’Ble Justice Rajarshi Bharadwaj Date : 10Th April, 2024. Appearance: Mr. J. P. Khaitan, Senior Advocate Mr. Sanjay Bhowmick, Advocate Ms. Swapna Das, Advocate … For The Appellant. Ms. Smita Das De, Advocate … For The Respondent. 1. Heard Sri J. P. Khaitan, Learned Senior Advocate Assisted By Sri Sanjay Bhowmick, Learned Counsel For The Appellant/Assessee & Ms. Smita Das De, Learned Senior Standing Counsel For The Respondent. 2. The Assessment Years Involved In The Present Appeal Are Assessment Year 1999-2000 & Assessment Year 2000-01. By Order Dated 16.08.2012, This Appeal Was Admitted On The Following Substantial Questions Of Law :-
Section 143(3)Section 147Section 148Section 24(1)(i)Section 32Section 43B
1) Whether the assessing officer having resorted to section 147 of
the Income Tax Act, 1961 on the facts and circumstances of the
case, was duty bound to compute such business income after
allowing statutory deduction including under section 43B in
respect of the interest paid to the financial institutions of
Rs.3,63,33,321/- for the assessment year
