1994 (9) TMI 24 - HC - Income Tax

Summary

The High Court of Calcutta, in the case for assessment year 1990-91, ruled that a notice under section 154 regarding incorrect allowance of exchange amount cannot stand as it was already partially decided in favor of the petitioner and the Department. The court cited section 154(1A) as a complete bar to such notices. The impugned notice was set aside and quashed.