Court : Income Tax Appellate Tribunal ITAT Nagpur
Decided on : Jul-10-1990
Reported in : (1990)35ITD1(Nag.)
..... use of the expressions "such as" and "etc." shows that the description is illustrative. shri dewani pointed out that the assessee in that case was a partnership firm carrying on business in drilling borewells (tube-wells) which was also the business carried on by the assessee herein.3. the learned departmental representative relied on ..... v.cit  75 itr 373. here also the supreme court held that once valid proceedings are started under section 34(1)(b) of the indian income-tax act, 1922, the ito not only had the jurisdiction but it was his duty to levy tax on the entire income that had escaped assessment during that ..... deducted at source, such assessment does not, in our opinion, become erroneous.even the full bench of the bombay high court also in a subsequent decision in indian rare earth ltd.' s case (supra) have stated what the supreme court had said in v. jaganmohan rao's case (supra), namely that once valid ..... of bombay high court in cit v. indian rare earth ltd. (1989) 181 itr 22 (bom)(fb) has since been overruled by supreme court in cit v. sun engineering works (p) ltd. (1992) 198 ..... stated above, the commissioner was not justified in holding that an assessment under section 148 which results in refund of tax deducted at source is erroneous.cit v. indian rare earth ltd. (1989) 181 itr 22 (bom)(fb) and jagamohan rao v. cit (1970) 75 itr 373 (sc) applied.the full bench decision .....Tag this Judgment!