2016 (4) TMI 712

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...., Adv For the Respondent : Mrs. Archana Sinha, Adv Mr. Alok Kumar, Adv Ms. Shalini Bihari, Adv JUDGMENT ( Per: Honourable Mr. Justice Hemant Gupta ) Since common issue is involved in both these appeals, they are being heard together and are being disposed of by this common judgement. The assessees are in appeal under section 260A of the Income Tax Act arising out of orders passed by....

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....C of the Income Tax Act was issued on 24.12.2002 which was received by assessees on 04.01.2003. However, the assessees filed their return on 16.07.2004. The assessing officer calculated interest for the period starting from December, 2002 till the date of filing of the return. The argument of the appellants is that order under Section 127 of the Income Tax Act was served on 11.09.2003 and 09.09....