2017 (6) TMI 402

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..... or the Respondents : Salil Kapoor with Sumit Lalchandani, Ms. Ananya Kapoor, Sanat Kapoor and Ms. Soumya Singh, Advocates JUDGMENT The Revenue claims to be aggrieved by the direction of the Income-tax Appellate Authority (ITAT) with respect to a previous order passed under section 127. It contends that having regard to the presumptive nature of section 124 in the given facts of the case, the Tri .....

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..... ection 124 which may bring forward the effect of such order. In other words, existence of the order which is the basis of an assessment can certainly be looked into by the Income-tax Appellate Tribunal as an appellate body. This may be done even though the effect of such order on account of section 124 and a further enquiry into its legality may or may not be available. With this clarification, th .....

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