Important citation and bank’s interest
Important citation and bank’s interest: Sr. No. Subject Title Relating to Citation Remarks 1. Legal issues can be raised at any stage at any point of time Supreme Court of India: National Thermal Power Co. Ltd. vs Commissioner Of Income Tax on 4 December, 1996 Equivalent citations: 1998 (99) ELT 200 SC, 1998 229 ITR 383 SC, (1997) 7 SCC 489 3. On learning about this legal position, the assessee sought to include the above three grounds in its grounds of appeal. The Tribunal has declined to entertain these additional grounds. 4. Where on the facts found by the authorities below a question of law arises (though not raised before the authorities) which bears on the tax liability of the assessee, whether the Tribunal has jurisdiction to examine the same ? 5. We fail to see why the Tribunal should be prevented from considering questio...