TMI Blog2014 (9) TMI 1142X X X X Extracts X X X X X X X X Extracts X X X X ..... eal as it was not open for the Assessing Officer to expand the scope of reassessment by including some other issues. Therefore, no substantial question of law arises. - ITAT No. 60 of 2014 And G.A. No. 1736 of 2014 - - - Dated:- 10-9-2014 - Soumitra Pal And Debangsu Basak, JJ. Mr.S.B.Saraf, Advocate ORDER The Court : Supplementary Affidavit, pursuant to the leave grante ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Act ? b) Whether on the facts and circumstances of the instant case, the learned Tribunal failed to appreciate that during the course of the assessment proceeding for the Assessment Year 2007-08, it was observed that the said assessee company had shown deposit of ₹ 86.74 lacs received from the buyer of the office space developed by the assessee company, which claimed to be refundable afte ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... efundable after 270 years to the buyer. On this ground, the said deposit was not shown as part of the sale consideration. As this was a ploy adopted by the assessee to suppress the sale proceeds, the said deposit was treated as part of sale consideration while finalising the assessment order for the Asst. Year 2007-08. During the course of the said assessment proceedings,it was noticed that the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... other issues which were not mentioned in the reasons recorded under section 148(2) of the Act. In appeal preferred by the Revenue, the Tribunal following the judgments in Ranbaxy Laboratories Ltd. (supra) vs- CIT and in CIT vs- Jet Airways India Ltd. (supra) held as under : We further find that similar view was taken by the Hon'ble Bombay High Court in the case of CIT vs- Jet Airways I ..... X X X X Extracts X X X X X X X X Extracts X X X X
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