2019 (12) TMI 406

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....nt ORDER P.C.: 1. These appeals are filed by the Revenue to challenge the judgment of the Income Tax Appellate Tribunal. The facts being similar, we may peruse the Income Tax Appeal No.502 of 2017. The following question is presented for our consideration: a) Whether on the facts and in the circumstances of the case and in law, the Tribunal was justified in quashign the order under section 15....

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....ial. The Tribunal was, therefore, of the opinion that such assessment cannot be reexamined or reopened in exercise of powers under section 153A of the Act. The Tribunal placed reliance on the decision of the Division Bench of this Court in the case of Commissioner of Income Tax II vs. Continental Warehousing Corporation (Nhava Sheva) Ltd. reported in (2015) 64 Taxmann.com 34(SC). 3. We have perus....