Held, dismissing the appeal, that the Commissioner (Appeals) and the Tribunal, had on the facts, held that the provisions of section 153(3)(ii) of the Income-tax Act, 1961, were not attracted and that the assessment for the assessment year 1995-96 was barred by limitation. Therefore, the order of the Tribunal need not be interfered with. (AY.1995-96)
PCIT v. CFL Capital Financial Services Ltd. (2024)465 ITR 15/165 taxmann.com 110 (Cal)(HC) Editorial : SLP of Revenue is dismissed on account of delay in filing the petition, PCIT v.CFL Capital Financial Services Ltd. (2024)465 ITR 17 /165 taxmann.com 111 (SC)
S. 153 : Assessment-Limitation-Remand by Tribunal-Remand on limited issue-Order of Tribunal is affirmed. [S. 153(3)(ii), 260A]