2015 (3) TMI 1205

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..... er under Section 263 - Held that:- On a careful scrutiny of the order, we find that no substantial question of law was framed. When the judgment and order passed by the tribunal was reversed, we are disposed to think, it was incumbent on the part of the High Court to frame substantial questions of law and thereafter proceed with the matter. That having not been done, we set aside the judgment and .....

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..... Banerjee, learned counsel for the appellant that the High Court has reversed the decision of Income Tax Appellate Tribunal, Kolkata in ITAT No.187 of 2013 whereby it had allowed the appeal preferred by the assessee against the judgment and order passed by the Commissioner of Income Tax who, in exercise of its power under Section 263 of the Income Tax Act, 1961, has overturned the view expressed by .....

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