2006 (7) TMI 139

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....sessed for the assessment year 1999-2000 and the Assistant Commissioner of Income-tax, who assessed the income, held that the assessee had reduced Rs. 2,00,000 on account of old stocks, but there was no justification to it. He, therefore, made addition of Rs. 2,00,000 while making the assessment. This order was carried in appeal to the Commissioner of Income-tax (Appeals). The appeal was allowe....

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.... the decision of the Commissioner is not on facts and it is only on the ground that the valid notice under section 143(2) was not issued before the expiry of the period of limitation. Be that as it may, the fact remains that the decision of the Assessing Officer was interfered with by the Commissioner and that is the order which presently survives. During the pendency of the further proceedings, o....