2016 (10) TMI 354

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....PPONENT JUDGMENT ( PER : HONOURABLE MR.JUSTICE KS JHAVERI ) 1. This Tax Appeal is filed under Section 260A of the Incometax Act, 1961 challenging the order dated 20.10.2006 passed by the Income Tax Appellate Tribunal, Ahmedabad Bench 'D' in ITA No.881/Ahd/2006 raising the following substantial question of law: "(a) Whether on the facts and circumstances of the case, the ITAT is justified in l....

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....held as erroneous vide order passed u/s.263 of the Act passed by the CIT(A) and the Assessing Officer was directed to verify the assessee's claim afresh. 4. The assessee challenged the order u/s.263 of the Act before the Tribunal by filing second appeal. The Tribunal allowed the appeal of the assessee vide impugned order dated 20.10.2006. Hence, this Tax Appeal. 5. We have heard learned Senior A....