TaxTMI 
TaxTMI 
2018 (10) TMI 136
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....ions proposed by the Revenue for Assessment Years 2002-2003 and 2004-2005, arise out of the impugned order dated 13th February, 2015 of the Income Tax Appellate Tribunal, Mumbai Bench. 2. The respondent/assessee brought two Appeals before the Tribunal, which have been decided by a common order. The concurrent orders of the authority below the Tribunal related to the assessment under Section 153A ....
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....under the Statute. Thus, the return of income stood assessed and attained finality. 5. It is the case of the Revenue that thereafter search and seizure action was carried out by the Investigation Wing, Mumbai in the case of Commodities Exchange Group on 19th June, 2007. The respondent/assessee being a member of Financial Technologies India Ltd., was also covered under this search and seizure acti....
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.... dated 2nd February, 2010 and 8th February, 2010. 6. The aggrieved assessee approached the Tribunal. After considering the rival submissions, the Tribunal answered the legal issue in favour of the assessee. While answering it, in para 8, the scheme of the law was discussed. Then, the principle which was enunciated by the judgment of this Court rendered in the case of Commissioner of Income Tax V.....