2017 (8) TMI 180

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....urt :- This is assessee's appeal against an order dated 10th August, 2015 of the Income Tax Appellate Tribunal, 'B' Bench, Kolkata in ITA No.898/Kol/2014 pertaining to the Assessment year 2009-10. The assessee was the appellant before the Tribunal also. That appeal was preferred against an order passed by the Commissioner of Income Tax under Section 263 of the Income Tax Act, 1961. By that order, ....

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....ped assessment in the regular assessment procedure. Stand of the assessee is that the Revisional Authority, being the Commissioner in this appeal ought to have had confined his exercise of power of revision only in relation to the subjectheads on the basis of which reassessment was made. The assessee's case before the Tribunal was that such an exercise could not be directed as the order of the ass....

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....order. The core issue involved in this appeal had earlier arisen before this Court and in a judgement delivered by a Coordinate Bench in the case of Rajmandir Estates Private Limited Vs. Principal Commissioner of Income Tax, Kolkata - III, Kolkata reported in [2016] 386 ITR 162 (Cal), it has been held that such an exercise was permissible at the material point of time, before the aforesaid amendm....