2010 (1) TMI 1224

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... R. K. Panda (Accountant Member) This appeal filed by the assessee is directed against the order dated 5th September, 2005 of the CIT(A)-XIX, Mumbai relating to assessment year 2002-03. 2. In grounds of appeal No. 1, the assessee has challenged the order of the CIT(A) in upholding the validity of reopening of assessment u/s. 147/148 of the Income-tax Act, 1961 (the Act) made by the Assessing....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....is ground by the assessee is dismissed. 5. In grounds of appeal No. 3, the assessee challenged the order of the CIT(A) in holding that the licence fees are not chargeable to tax under the head "Income from other sources". The learned counsel for the assessee fairly conceded that this ground is also against the assessee by the decision of the Hon'ble Supreme Court in the case of Shambhu Investme....