2011 (1) TMI 70

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... and order dated 23rd of March, 2007 passed by the Income Tax Appellate Tribunal, Agra Bench, Agra, whereby the Tribunal has allowed the appeal filed by assessee.   2. The background facts may be noticed in brief.   3. The respondent assessee is one of the Directors in M/s. Shivangi Steels (P) Ltd. On 16th of February, 2000 his residential premises was searched by the Income Tax De....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....sequently. The CIT (A) dismissed the appeal having become infructuous as by that time the block assessment order had stood set aside in view of the order passed by the CIT (A) under Section 263 of the Act.   7. Being aggrieved by the order passed by CIT (A) holding that the appeal has become infructuous, the assessee preferred a second appeal before the Tribunal. The Tribunal allowed the a....