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Showing contexts for: revised return when valid in Commissioner Of Income-Tax vs South India Shipping Corporation Ltd. on 18 September, 1996Matching Fragments
K.A. Thanikkachalam J.
1. At the instance of the Department, the Tribunal referred the following question for the opinion of this court under section 256(1) of the Income-tax Act, 1961 :
"Whether, on the facts and in the circumstances of the case and having regard to the provisions of sections 139(5), 144B and 153(1) of the Income-tax Act, 1961, the Tribunal was right in law in setting aside the assessment and directing the Income-tax Officer to consider as valid the revised return filed by the assessee on August 27, 1977, after the Income-tax Officer had sent the draft order to the Inspecting Assistant Commissioner under section 144B ?"