1997 (9) TMI 25 - HC - Income Tax

Summary

The High Court of Punjab and Haryana addressed a question referred by the Tribunal regarding the validity of an assessment order made under section 144B of the Income-tax Act. The assessee challenged the assessment, claiming the Income-tax Officer wrongly applied section 144B, thus exceeding the limitation period for assessment. The Tribunal annulled the assessment order, but the High Court disagreed, citing a previous case where it was held that section 144B was rightly followed when the Income-tax Officer had concurrent jurisdiction with the Inspecting Assistant Commissioner. The court ruled in favor of the Department and against the assessee.