2018 (2) TMI 1863

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.... S. N. Divatia, A.R. ORDER PER N.K. BILLAIYA, ACCOUNTANT MEMBER: 1. This appeal by the Revenue is preferred against the order of the Ld. CIT(A)- VIII, Ahmedabad dated 03.02.2014 pertaining to A.Y. 2005-06. 2. The sum and substance of the grievance of the revenue is that the ld. CIT(A) erred in quashing the assessment proceedings for want of a valid notice issued u/s. 143(2) without app....

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....n short levy of tax of Rs. 2544527/- including interest of Rs. 449898/- u/s.234-B for the 2004-05 and 2005-06. Thus, I have a reason to believe that the said income chargeable to tax has escaped from assessment within the meaning of section 147 of the IT Act, 1961. 5. The aforementioned reasons were recorded on 20.07.2010. Prior to this on 21.01.2010, the A.O. had already recorded the ....