1979 (2) TMI 126 - AT - Income Tax

Summary

The appeal was filed against the AAC's order under s. 249(4) of the IT Act, 1961. The additional ground raised by the assessee regarding the applicability of s. 249(4) was admitted. The ITAT held that s. 249(4) should not have been applied and vacated the AAC's order, restoring the appeal for further verification. The appeal was treated as allowed for statistical purposes. (Case Citation: 1979 (2) TMI 126 - ITAT CUTTACK)