ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2, GUWAHATI vs. FORTUNE VANIJYA PRIVATE LIMITED, GUWAHATI

In the result both the appeal of the Revenue and the cross objections of the assessee stands partly allowed

Bench: Shri P.M. Jagtap, Hon’Ble V.P (Kz) & Shri A. T. Varkey, Jm]

2 to the fourth proviso to Section 153A of the Act. For the aforesaid reasons, the Ld. AR contended that the notice issued u/s 153C of the Act in terms of fourth proviso to Section 153A of the Act and the consequent order framed u/s 153C/143(3) was bad for want of jurisdiction and therefore he pleads that the assessment