Income Tax Appellate Tribunal Itat Jaipur Court October 2006 Judgments Home Cases Income Tax Appellate Tribunal Itat Jaipur 2006 Page 1 of about 1 results (0.018 seconds)

Assistant Commissioner of Income Vs. Heera Lal

Court : Income Tax Appellate Tribunal ITAT Jaipur

Reported in : (2007)106TTJ(JP.)114

1. In all these appeals preferred by the Revenue, first appellate orders have been questioned on the following common grounds that the learned CIT(A) has erred in: 1. holding that the issue of notice under Section 148 was barred by limitation as prescribed under Section 149(1)(b) ignoring the fact that the income escaped assessment in the assessment year as per reasons to believe recorded by AO at more than Rs. 1 lac (Rs. 50 lacs) and due approval of the Addl. CIT was taken by the AO before issuing notice under Section 148. 2. holding that there was no material evidence before the AO which could suggest that there was escapement of income chargeable to tax leading to the formation of reasons to believe, ignoring that the deposits found in the undisclosed bank account and the payment slips are irrefutable evidence of income having escaped assessment. 3. acting beyond his jurisdiction in illegally quashing the assessment order while ignoring the ratio of decisions in the cases of Phool ...