TAMILNADU STATE MARKETING CORPN. LTD. Vs. DEPUTY COMMISSIONER OF INCOME TAX
HIGH COURT OF MADRAS
Tamilnadu State Marketing Corpn. Ltd.
DEPUTY COMMISSIONER OF INCOME TAX
Click here to view full judgement.
(1.) The petitioner is the Tamil Nadu State Marketing Corporation Limited (TASMAC) and challenges an order of assessment dated 30.12.2019 for
Assessment Year (AY) 2017-18, passed in terms of the Income Tax Act , 1961 (in
short 'Act'). The assessment is assailed both on the alleged violation of the
principles of the natural justice as well as on the merits of the disallowance
(2.) When the matter had come up for admission, this Court had passed an order after hearing Mr.Vijayaraghavan, learned counsel for the petitioner and
Ms.Hema Muralikrishnan, learned Senior Standing Counsel for the respondents
on 10.01.2020 restricting the scope of the Writ Petition only to the disallowance
under Section 40(a)(iib) of the Act and relegating the petitioner to statutory
appeal in respect of the other issues.
(3.) Today, learned counsel for the petitioner confirms that an appeal has been filed in respect of other issues arising from assessment and what is assailed
in the Writ Petition are the violation of the principles of natural justice as well as
the disallowance effected under Section 40(a)(iib) .;
Copyright © Regent Computronics Pvt.Ltd.