2017 (5) TMI 311

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..... ri, Adv. Ms.Liz Mathew, Adv. For Respondent : Mr.K.Radhakrishnan, Sr.Adv. Mr.A.K. Srivastava, Adv. Mrs.Anil Katiyar, Adv. Mr.Abhinav Mukherjee, Adv. ORDER Leave granted. Heard Mr.Raghenth Basant, learned counsel for the appellant and Mr.K.Radhakrishnan, learned senior counsel for the respondent. The present appeals by special leave call in question the legal propriety of the orders dated 20th .....

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..... d revised returns after the raid stating, inter alia, that he had received more money from the purchaser for the land in municipal area in question and on the basis of the said revised returns the assessee cannot be fastened with the liability. Learned counsel would submit that as assessment had been completed and, therefore, it was necessary to send all the materials to the assessing officer at t .....

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..... ent. We are not satisfied with the analysis made by the Tribunal or that by the High Court. In our considered opinion this material on record should have been adverted to by the Tribunal as the final fact finding authority in a proper perspective keeping in view the law in the field. In view of the aforesaid conclusion, we allow these appeals; set aside the orders passed by the High Court in ITA .....

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