2006 (9) TMI 172

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....for opinion of this court by the Income-tax Appellate Tribunal, Chandigarh Bench, Chandigarh, arising out of its order dated October 17, 1995, in I. T. A. No. 893/Chandi/90, in respect of the assessment year 1986-87 : "Whether, on the facts and circumstances of the case, the Income-tax Appellate Tribunal was right in law in deleting the interest charged under section 139(8), 215/217 in view of th....

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....that this was not a defect which could be rectified under section 292B of the Income-tax Act." 3. The question before the Tribunal was whether in the absence of direction for charging interest in the order of assessment, interest could be charged. The Tribunal held that such interest could not be charged. 4. We have heard learned counsel for the Revenue and perused the record. 5. We find that t....

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....adjustments to be made, directs the office to compute the tax payable on that basis and then approves of it, either immediately or some time later, no fault can be found with the process, though it is only when both the computation sheets are signed or initialled by the Income-tax Officer that the process described in section 143(3) will be complete. In this context, one may take notice of the fa....

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.... is generally prepared by the staff but it is checked and signed or initialled by the Income-tax Officer and the notice of demand follows thereafter. The statute does not, in terms, require the service of the assessment order or the other form on the assessee and contemplates only the service of a notice of demand. It seems that while the 'assessment order' used to be generally sent to the assesse....