2006 (2) TMI 103

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....y the Revenue under section 260A of the Income-tax Act, 1961 (hereinafter referred to as "the Act"), against the common order of the Income-tax Appellate Tribunal dated August 18, 2004, made in I.T.A. Nos. 909, 908, 907 and, 910/Mds/2003, raising the following substantial questions of law: "(1) Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was rig....

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.... a building called "Kannammai Building". On notice under section 148 of the Act, the assessee filed a return which was processed under section 143(1)(a) of the Act. Later, after issue of notice under section 143(2) of the Act, the assessment was completed under section 143(3) read with section 147 of the Act. On appeal by the assessee, the Commissioner of Income-tax (Appeals) directed the Asses....

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.... section 147 of the Act to consider the correct quantum of interest allowable as deduction in computing the income from house property was correct as the assessee had not furnished relevant facts and evidence along with the return. Learned counsel further submitted that the Appellate Tribunal erred in its conclusion that in the case of reopened assessment, issue of notice under section 143(2) of t....