2013 (3) TMI 68

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....ion 260-A of the Income-tax Act, 1961, hereinafter referred to as "the Act" against the order dated 11th August, 2004 passed by the Income Tax Appellate Tribunal, Agra, "SMC" Bench, Agra. The Commissioner of Income-tax, Ghaziabad has proposed the following questions of law said to be arising out of the order of the Tribunal. '1.Whether on the facts and circumstances of the case the Tribunal was....

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....ct?' Briefly stated the facts giving rise to the present appeal are as follows: The appeal relates to the Assessment Year 1997-98. The respondent-assessee is a Cooperative Society and is engaged in the banking business. On a notice having been issued on 11.2.2002 under Section 148 of the Act the respondent-assessee filed its for the assessment year in question declaring 'nil' income and had ....