2014 (11) TMI 555

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....tri, Senior Advocate i/b Mr. Atul Jasani JUDGEMENT 1. This Appeal by the Revenue challenging the concurrent orders run by the Commissioner of Income Tax (Appeals) dated 25th June, 2010 and another of the Income Tax Appellate Tribunal, Mumbai Bench dated 18th April, 2012. The Assessment Year is 2003-2004. 2. The question of law as termed as substantial at page 3 reads as under:  &n....

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....sessment Year 2000-2001 and 2002-2003. That order of assessment dated 30th November 2005 was subjected to proceedings under section 263 of the Income Tax Act, 1961 and the Commissioner passed an order under that provision on 18th November, 2008 directing the Assessing Officer to reframe the assessment, in pursuance thereof the Assessing Officer on 3rd November, 2008 completed the said Assessment b....

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....n one taken by this Court's Division Bench in the aforementioned judgment. The Commissioner found himself to be bound by this Judgment and equally the Tribunal. The Commissioner has held that the Assessee received dividend from domestic companies and he had paid dividend of Rs. 56,51,560/- on 13th August, 2003 namely before the due date of filing of return of income i.e. 31st October, 2003. Hence,....