2008 (8) TMI 93

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....preferred this appeal under section 260A of the Income Tax Act, 1961 (in short, 'the Act') against the order of the Income Tax Appellate Tribunal, Amritsar Bench, Amritsar passed in I.T.A. No.284(ASR)/2006 for the assessment year 1988-89. 2. Following substantial questions of law have been proposed:- "1. Whether, on the facts and in the circumstances of the case, the Tribunal had erred in la....

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....r facts noticed in the impugned order of the Tribunal, the assessee in the return filed for the assessment year 1988-89 appended a note that it was not liable to interest under sections 139(8) and 215/217 of the Act on the ground that the return was filed in consequence of judgment of the Hon'ble Supreme Court in ITO v. Ch. Atchaiah, [1996] 218 ITR 239. The Assessing Officer processed the return o....