2019 (5) TMI 860

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.... Senior Standing Counsel. JUDGMENT (BY DR.VINEET KOTHARI,J.) Assessee has filed this Appeal under Section 260A of the Income Tax Act, in short, 'Act', raising the Substantial Questions of Law, arising from the order of the learned Income Tax Appellate Tribunal, Chennai 'A' Bench, dated 27.11.2009, passed in ITA No.269/Mds/2009, whereby, the learned Tribunal dismissed the Appeal ....

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....tted only one Question of Law, regarding jurisdiction of the Assessing Officer under Section 147 of the Act. The second Question of Law, regarding Netting of Interest for the purpose of applying Explanation (baa) to Section 80HHC of the Act, was not admitted, in view of the decision of a Division Bench of this Court in the case of Commissioner of Income Tax v. V.Chinnapandi, (2006) 282 ITR 386 (Ma....

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...., the view taken by the High Court in the impugned order is consistent with our aforesaid view, we find no merit in this appeal and we accordingly dismiss the same. There shall be no order as to costs.'' 5. In the light of the aforesaid settled position, learned counsel for the Assessee submitted that the question regarding Netting of Interest for the purpose of Explanation (baa) to Secti....