THE COMMISSIONER OF INCOME TAX vs. M/S BPL SANYO FINANCE LTD

In the result, the appeal filed by the revenue is

Bench: The Tribunal Was Arising From The Order Dated 4Th June 2004 Passed By The Commissioner Of Income Tax (Appeals) Bangalore (For Short “The

purchased and leased by Financial institutions and leasing companies, like the assessee in the present case. Based on the information received and the materials collected at the said survey, the AO initiated proceedings under Section 147 by issuing notice under Section 148 on 11th January 2001 to the assessee, 7 recording reasons inter-alia that income chargeable