2019 (6) TMI 1298

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....Mr. Rishi Raj Sinha, Sr.SC (I.T.) ORAL JUDGMENT MR. JUSTICE JYOTI SARAN Heard Mr. Sriram Krishna, learned counsel appearing for the appellant and learned counsel for the Income Tax Department. This appeal is directed against the judgment and order dated 28.05.2015 of the Income Tax Appellate Tribunal, Patna Bench, Patna passed in I.T.A. No.29/Pat/2012 in so far as it relates to Assessment Year....

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.... net profit of the assessee was estimated at the rate of 5% and the matter was remitted to the Assessing Authority for passing order afresh. The Revenue feeling aggrieved by the order of the Commissioner, Income Tax (Appeals) dated 21.11.2011 approached the Income Tax Appellate Tribunal in I.T.A. No. 20/Pat/2012 but which has been rejected by the order passed on 03.07.2014 at Annexure-7 to the ap....

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....t, was rejected on 28.05.2015. He further informs that in between this period the order passed by the Commissioner, Income Tax II passed under Section 263 of 'the Act' has taken its effect and a fresh order of assessment has been passed on 06.03.2013. Having noted the issues canvassed by Mr. Sriram Krishna in support of the appeal, as opposed by learned counsel for the Income Tax Department, we a....