MAX FINANCIAL SERVICE LIMITED ,NAWANSHAHR vs. PRINCIPAL COMMISSIONER OF INCOME TAX -1, JALANDHAR

In the result, the appeal of the assessee is therefore partly allowed

ab-initio. 2. That the order of the PCIT is bad in law, being based on surmises and conjectures without any finding of fact as to how the order passed under section 143(3) of the Act was erroneous or prejudicial to the interest of the revenue. Jurisdictional grounds 3. That the assumption of jurisdiction under section

SHRIMATI MEERA AGGARWAL,JALANDHAR vs. ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE- 2, JALANDHAR