2020 (2) TMI 1682

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....e Respondent Nos.1 & 2 : Praveen Kumar (Standing Counsel) ORDER This appeal under section 260-A of the Income Tax Act, 1961 (as amended till date), is in respect of a judgment and order dated 3rd September, 2019, passed by the learned Income Tax Appellate Tribunal, Agra Bench, Agra in I.T.A. No. 284 / Agra / 2017. The appellant has framed two substantial questions of law, which read as follows:-....

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....nt. This particular provision of law has since undergone several amendments whereby several provisos have been introduced. The Assessing Officer, being the Deputy Commissioner of Income Tax-6, New Circle-2(3)(1) Jhansi, in the facts of the instant case made the following observations:- "From the perusal of above computation it is clear that the Assessing Officer has work out profit on the basis ....

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....ections 147 / 148 of the Income Tax Act, 1961, has to be answered in the affirmative notwithstanding the fact that the Assessing Officer, admittedly, on account of oversight / mistake failed to assess the interest income since there was no question of double addition which had arisen in this case. A judgment of the Hon'ble Supreme Court which was referred to and relied upon by the learned adv....