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2003 (2) TMI 10 - HC - Income TaxTribunal quashing the order of Commissioner of Income-tax passed under section 263 – When the revenue itself has accepted the order dated December 6, 2001, quashing the order passed by the assessing authority for the assessment year 1993-94 on the basis of notice under section 148 dated June 17, 1997, wherein it has been held by the Tribunal that it is a case of unexplained investment under section 69 of the Act of 1961 and the appropriate previous year for inclusion is the relevant financial year and its genuineness has already been adjudicated upon by the assessing authority for the appropriate financial year, i.e., 1992-93 then how the order of the assessing authority can be said to be erroneous or prejudicial to the interest of the Revenue – Tribunal was justified in quashing the CIT’s order
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