On appeal by revenue High Court dismissed the appeal held that jurisdiction of High Court is determined by situs of Assessing Officer at time of filing appeal Followed CIT v. Motorola India Ltd., (2010) 326 ITR 156 (P&H) (HC) and PCIT v. ABC Papers Ltd. ITA No. 130 of 2018 dt. 7-2-2019
PCIT v. Kuantum Paper Ltd. (2020) 117 taxmann.com 141 (Punj. & Har)(HC) Editorial : SLP of revenue is dismissed, PCIT v. Kuantum Paper Ltd.(2020) 272 Taxman 532 (SC) / 273 Taxman 449 (SC)
S. 260A : Appeal-High Court-Situs of the Assessing Officer has to be seen to consider which High Court exercise territorial jurisdiction of such an officer. [S. 127]