2015 (5) TMI 1242 - HC - Income Tax

Assessment u/s 153A - Legality and validity of the proceedings under section 153A - HELD THAT - Tribunal applied the decision of Commissioner of Income Tax Vs. Anil Kumar Bhatia 2012 (8) TMI 368 - DELHI HIGH COURT and All Cargo Global Logistics Ltd. and Others 2012 (7) TMI 222 - ITAT MUMBAI(SB) Mr.Kotangale fairly states that we have upheld the decision of the Special Bench in the case of All Cargo Global Logistics Ltd. and Others 2012 (7) TMI 222 - ITAT MUMBAI(SB) The revenue s appeal challenging that decision of the Special Bench has been dismissed by us. Following that order and finding that the controversy in the present appeal is identical the parties are same and barring difference in the assessment year no distinguishing features have been placed on record once the validity of notice has not been upheld by us then this appeal raises no substantial question of law. It is accordingly dismissed.

Summary

The High Court of Bombay dismissed the appeal challenging the Tribunal's order related to the validity of proceedings under section 153A of the Income Tax Act, 1961 for assessment years 2002-03, 2003-04, and 2004-05. The Court upheld the decision of the Special Bench in a previous case and found no substantial question of law in the present appeal, leading to its dismissal.