1989 (3) TMI 45

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....uestion of law to this court : "Whether, on the facts and in the circumstances of the case and on a correct interpretation of section 146 of the Income-tax Act, 1961, the Tribunal's finding that the assessee had not a reasonable opportunity to comply with or was prevented by sufficient cause from complying with the terms of the notices under section 143(2) and section 142(1) of the Income-tax A....

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....ing of section 146(1)(iii) of the Act. Elaborate reasoning has been given as to why this conclusion was reached. The Appellate Assistant Commissioner ultimately ordered that the Income-tax Officer would make a fresh assessment, after communicating to the appellant the particulars of cash credits, viz., dates and amounts of the parties concerned as also the reason why the loans were not consider....