2018 (5) TMI 148

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....RNI, SRI. NEILOO PRASAD, SRI. H.R. KAMBIYAVAR, SMT. PREETHI S. PATIL, SRI. SIDDA REDDY K.G., ADVS.) RESPONDENT: (BY SRI. Y.V. RAVIRAJ, ADV.) S.SUJATHA J., JUDGMENT This appeal is filed by the assessee under Section 260A of the Income Tax Act, 1961 ('Act' for short), challenging the order of the Income Tax Appellate Tribunal, Bengaluru Bench 'SMC', Bengaluru ('Tribunal' for short) for t....

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....tion in its order dated 13.07.2007 of granting the relief to recompute the income which was done on 07.09.2007. The return filed by the assessee for the assessment year 2001-02, resulted in communication under Section 143(1). The assessment for the assessment year 2006-07 was reopened to disallow the claim for carry forward of unabsorbed depreciation i.e., under Sections 147 an d 148 of the Act an....

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.... Assistant Commissioner of Income Tax reported in (2017) 396 ITR 398, which is not disputed by the learned counsel appearing for the revenue. However, learned counsel for the revenue submits that no arguments were addressed on this point by the assessee, neither before the authorities nor before the Tribunal, assessee remained absent before the Tribunal. No finding of fact is given by the lower au....