2018 (3) TMI 77

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....venue has moved the present Misc. application against the order passed by the Coordinate Bench in ITA No. 644/JP/2015 dated 07.04.2016 for A.Y. 2009-10. 2. In its application the Revenue has submitted that vide order dated 07.04.2016 in ITA No. 644/JP/2015 for the AY 2009-10 in the case of Shri Shankar Jhalani, received in the office of Pr. CIT-1, Jaipur on 04.07.2016, the Hon'ble Tribunal has se....

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....for indefinite and uncertain period as no limitation has been prescribed for the decision of the Hon'ble High Court, therefore, an assessment cannot be kept in abeyance till such order of the Hon'ble High Court. Since the implied legal issue of limitation for completing assessment as provided u/s 153(2A) r.w.s 153(3)(ii) of the IT Act 1961 was also raised during hearing remained undecided by Hon'b....

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....ssment proceedings related to unverified purchases amounting to Rs. 59,88,350. The Co-ordinate Bench vide its order dated 7.4.2016 has set aside the matter to the file of the AO to decide the same afresh after the judgement of Hon'ble Rajasthan High Court in the case of Anuj Kumar Varshney & Others vs. ITO (Supra) is delivered. From the perusal of records, it is also noted that the provisions of S....