1997 (9) TMI 25

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....he Income-tax Appellate Tribunal (for short, "the Tribunal") under section 256(1) of the Income-tax Act, 1961 (for short, "the Act") : "Whether, on the facts and circumstances of the case, the Appellate Tribunal is right in law in holding that order made under section 144B of the Income-tax Act was bad in law and the assessment made on May 26, 1984, is barred by limitation ?" The assessee-co....

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....ssment was made by the Income-tax Officer on an income of Rs. 16,09,298. The assessee challenged the assessment on the ground that the Income-tax Officer wrongly followed the procedure laid down in section 144B of the Act and, therefore, the extended period of limitation was not available for completing the assessment. It was claimed that the Income-tax Officer had concurrent jurisdiction along....