2013 (9) TMI 747

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....dhary For the Respondent :- Mudit Agarwal JUDGEMENT (Delivered by Hon'ble Dr. Satish Chandra) Both the appeals have been filed by the department under section 260-A of the Income Tax Act, 1961 against the consolidated order dated 25.05.2012 passed by Income Tax Appellate Tribunal, Lucknow Bench, Lucknow in ITA No.538/Lkw/2011; ITA 500/Lkw/2011; and ITA 484/Lkw/ 2011 for the assessment ....

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....under section 143 (3) of the Act. The assessee has shown the "nil" income but the A.O. has completed assessment on the positive income of Rs.19,49,07,850/-; and Rs.5,16,04,798/- respectively. Being aggrieved, the assessee has filed appeals before the first appellate authority who allowed the relief to the assessee on various grounds. Not being satisfied, the department has filed the second appeal ....