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1 - 5 of 5 (0.16 seconds)Section 251 in The Income Tax Act, 1961 [Entire Act]
Commissioner Of Income Tax, Chennai vs M/S. Alagendran Finance Ltd on 27 July, 2007
We find that the above fact recorded by the Tribunal is
just and proper. That apart, we also find that the Tribunal
took note of the decision of the Hon'ble Supreme Court in CIT
vs. Alagendran Finance Limited [211 CTR (SC) 69] and held that
the order passed by the Commissioner of Income Tax under
Section 263(2) is hopelessly barred by limitation. The
Tribunal rightly held that the period of limitation for the
assessment year 2007-08 has to be reckoned from the date of the
order passed by the Assessing Officer under Section 143(3)read
with Section 263 i.e. 8th December, 2011 and not from the date
of the order passed by the Assessing Officer under Section
143(3) read with Section 263 and 251 dated 29th November, 2012.
Thus, we find that the Tribunal rightly allowed by the appeal
filed by the assessee.
Section 115JAA in The Income Tax Act, 1961 [Entire Act]
Section 260A in The Income Tax Act, 1961 [Entire Act]
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