Allowing the appeal of the assessee the Court held that since Tribunal had set aside reassessment order itself as same being without jurisdiction, it was not justified in adjudicating matter on merits and remanding same to Assessing Officer for computation of deduction under section 35(1)(iv). (AY. 2006-07)
Hindustan Aeronautics Ltd. v. ACIT (2021) 279 Taxman 217 (Karn.)(HC)
S. 254(1) : Appellate Tribunal-Powers-Reassessment order was quashed on grounds being without jurisdiction-Tribunal has no jurisdiction to adjudicate on merits and remanding the same to the Assessing Officer. [S. 35, 148, 260A]