2008 (10) TMI 658

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.... ARMED J.- C. M. Nag. 14852/2008 and 14853/2008 (Exemption): 2. Allowed subject to just exceptions. CMs stand disposed of. I. T. A. No. 1237 of 2008: 3. This appeal is directed against the order dated March 20, 2008 passed by the Income-tax Appellate Tribunal in I. T. A. No 13/D/2003 pertaining to the assessment year 1998-99. The only issue that is sought to be raised in the present....

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....n completed inasmuch as the assessment order under section 143(3) was passed on May 25, 2000, which is after the date of the said letter. The Tribunal was, therefore, of the view that no new information/material that had come to the Assessing Officer after completing the original assessment to form any belief about the escapement of the assessee's income and that such a purported belief was entire....