2010 (3) TMI 1089

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....: Waseeq Uddin Ahmad, Amit Shukla and S.K. Garg ORDER 1. Heard Sri D.D. Chopra and S.C. Misra, the learned counsel for the appellant and Sri Amit Shukla, the learned counsel for the respondent. 2. By means of present appeal filed under section 260A of the Income-tax Act, 1961 the appellant has challenged the judgment and order dated 7-5-2003 passed by Income-tax Appellate Tribunal passed ....

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....otu?" 3. Sri Amit Shukla, the learned counsel for the respondent submits that the controversy involved in the present case is squarely covered by the judgment and order passed by this Court in CIT v. Pradeshiya Industrial & Investment Corpn. of U.P. Ltd. [IT Appeal No. 45 of 2003, dated 3-2-2010] in which this Court has held : the Assessing Officer under section 154 of the Income-tax Act had is....

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....rrect on principle. There is no dispute that section 143A(1)(a) of the Act enacts a summary procedure for quick collection of tax and quick refunds. Under the scheme if there is a serious objection to any of the orders made by the Assessing Officer determining the income, it is open to the assessee to ask for rectification under section 154. Apart therefrom the provisions of section 143(1)(a)(i ) ....