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2002 (9) TMI 84 - PATNA HIGH COURTThe petitioner has challenged the order dated March 27, 2002, by which the Assistant Commissioner of Income-tax, Circle 2, Patna, has amended the earlier assessment order in exercise of power under sections 154 and 155(4A) of the Income-tax Act, 1961, and investment allowance allowed to the petitioner has been withdrawn for non-utilisation of the same within the statutory time limit. - It is an admitted position that the assessment was made and that order of assessment was subject to appeal and the appellate court has finally decided the matter. Thereafter, the respondent-Assistant Commissioner of Income-tax in exercise of power under sections 154 and 155(4A) of the Income-tax Act issued notice to the petitioner to show cause as to why the aforesaid investment allowance be not withdrawn for its non-utilisation within the statutory time limit and granted only one day's time to the petitioner to state its version. - we are inclined to quash the impugned order
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