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Showing contexts for: revised return when valid in Commissioner Of Income Tax-I vs M/S Rana Polycot Ltd on 25 February, 2011Matching Fragments
1. This appeal has been preferred by the revenue under Section 260A of the Income Tax Act, 1961 (in short "the Act") against the order dated 31.3.2005 passed by the Income Tax Appellate Tribunal, Chandigarh Bench "B" (hereinafter referred to as "the Tribunal") in ITA No. 867/Chandi/2000, for the assessment year 1997- 98, claiming the following substantial questions of law:-
"(a) Whether, in the facts and circumstances of the case, the Hon'ble ITAT has erred in holding that the assessee has validly withdrawn its exemption u/s 10B, earlier claimed in the original return by validly filing a revised return u/s 139(5) on 31.3.98 in spite of the specific provisions of sub-section (7) of Section 10B applicable for the relevant period?