TMI Blog2013 (11) TMI 562X X X X Extracts X X X X X X X X Extracts X X X X ..... of section 24 of the Karnataka Excise Act, 1965 - Appellate Tribunal noticed that there was an amendment to provisions of section 24 of the Karnataka Excise Act, 1965 and subsequent to the Commissioner passing revisional order under section 263 of the Act and the effect of amendment was required to be examined as the section had been amended with retrospective effect and therefore the privilege f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2. The assessee is a company and the assessment year is 2007-2008. The questions raised in the appeal read as under: 1. Whether, on the facts and in the circumstances of the case, the Tribunal was right in setting aside the orders u/s 263 without appreciating the fact that the Karnataka Excise Act was amended subsequent to the making of the orders u/s 263 only to defeat the purposes of the In ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ble expenditure. 4. Being aggrieved, the assessee preferred an appeal to the Appellate Tribunal. 5. The Appellate Tribunal noticed that there was an amendment to provisions of section 24 of the Karnataka Excise Act, 1965 and subsequent to the Commissioner passing revisional order under section 263 of the Act and the effect of amendment was required to be examined as the section had been amende ..... X X X X Extracts X X X X X X X X Extracts X X X X
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