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Aug 09, 2022
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Income Tax Act vests civil court's power in IT assessing officer: Karnataka high court
Section 131 of the Income Tax Act, 1961 vests powers of a civil court in an assessing officer (AO), the Dharwad bench of the high court has observed, while upholding the decision of the Income Tax Appellate Tribunal (ITAT), Bengaluru, in relation to a Ballari-based company.
Mssrs Ennoble Construction, Ballari, had moved the ITAT against an order passed by the AO, disallowing around Rs 5.9 crore claimed as the transport expenditure paid to transportation creditors in connection with the IT returns filed for the assessment year 2009-10.
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