2017 (12) TMI 1790

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....ounsel. For the Respondent : Mr. P. Roychoudhuri, Advocate. ORDER The question in this case is whether the revisionary power, recourse to which was sought by the Revenue, was correctly exercised. At the outset, the Court notices that there is an inordinate delay in refiling of the case - over 600 days. In any event, the main question is covered for a subsequent year, i.e., assessment y....

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....Section 143 (3) of the said Act was not erroneous. The pointed issue was with regard to the principle of mutuality. The tribunal has examined this aspect in detail as would be evident from paragraphs 8 to 8.6 of the impugned order. The tribunal has also examined, in paragraph 8.3, the ratio of the Supreme Court decision in the case of CIT vs. Green World Corporation 314 ITR 81 (SC) with r....