TMI Blog2001 (7) TMI 1299X X X X Extracts X X X X X X X X Extracts X X X X ..... sions of Section 256(1) of the Income Tax Act, 1961 (hereinafter referred to as the Act ), by the Income Tax Appellate Tribunal, Ahmedabad bench `C'. Whether on the facts and in the circumstances of the case and in law the Tribunal was right in coming to the conclusion that since the assessment order was passed by the I.T.O. u/s 143 (3) read with Section 144-B of the I.T. Act the order o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 143 (3) read with Section 144-B of the Act. 4. During the pendency of this reference, the decision which was rendered by the Special Bench was under scrutiny of Andhra Pradesh High Court. The Andhra Pradesh High Court has reversed the order passed by the Special Bench in case of Commissioner of Income Tax v. East Coast Marine Products (P.) Ltd. and Another, 181, ITR 314. 5. We have gone thr ..... X X X X Extracts X X X X X X X X Extracts X X X X
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