S.68: Cash credits – Appeal -Supreme Court- Pricipal Officer- Bogus share capital-Ex-parte order – Service of notice- Authorised representative – Recall of ex-parte order-A power of attorney holder is an agent and Principal Officer u/s 2(35)-If a Chartered Accountant is granted a Power of attorney holder service upon him of a notice is valid- If a notice is duly served upon the litigant through its authorized representative, and it was provided sufficient opportunity to appear before the Court and contest the matter but the litigant choses to let the matter proceed ex parte, the order cannot be recalled. [S. 2(35) 261, 262 , 282, 288, Art . 136 ]
PCIT v. NRA Iron & Steel Pvt. Ltd. ( 2019) 418 ITR 449/311 CTR 363/ 183 DTR 60/( 2020) 268 Taxman 1 (SC),www.itatonline.org Editorial: Review petition , application for seeking open court oral hearing is rejected as dismissed . NRA Iron & Steel Pvt. Ltd v PCIT CA no .2463 /2019 dt 4-02 2020 / (2020) 186 DTR 249/ 313 CTR 1/ 273 Taxman 14 (SC)