2011 (4) TMI 1408

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.... : This appeal by the assessee arises out of the order passed by the CIT(A) on 26.02.2010 in relation to assessment year 2001-2002. 2. Briefly stated the facts of the case are that the return in this case was filed declaring total income of Rs. 1,09,366 assessment of which was done u/s 143(1) of the Act. Thereafter notice u/s.148 was issued on the ground that the assessee had entered into tr....

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....ur with the submissions advanced before him and chose to uphold the assessment order. 3. We have heard the rival submissions and perused the relevant material on record. It is noticed that the reassessment was initiated by way of notice u/s 148 for the reason that the provisions of section 2(22)(e) of the Act were applicable. However no addition on that issue was made as he got satisfied with t....