2016 (2) TMI 1010

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....ned order dated 27/03/2015 of CIT(A)-7, Mumbai, pertaining to the assessment year 2009-10, which in turn has arisen from an order passed by the Assessing Officer dated 05/12/2011 under section 143(3) of the Income Tax Act, 1961( in short "the Act"). 2. In this appeal, although the Revenue has raised multiple Grounds of appeal, the essential dispute revolves around two issues, which shall be dealt....

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....of the Hon'ble Bombay High Court in the case of CIT vs. Institute of Banking Personnel Section, 264 ITR 110 (Bom). This action of the CIT(Appeals) has been disputed by the Revenue before me. 4. At the time of hearing , Ld. Departmental Representative for the Revenue quite fairly pointed out that the decision of the CIT(Appeals) was based on the binding judgment of the Hon'ble Jurisdictional High ....