2002 (1) TMI 56

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..... t by the Income-tax Appellate Tribunal (for short "the Tribunal") under section 256(1) of the Income-tax Act, 1961 (for short "the Act"): "Whether, on the facts and in the circumstances of the case, the Appellate Tribunal is right in law in holding that the reference made under section 144B of the Income-tax Act was bad in law and the assessment made on July 31, 1982, is barred by limitation?" .....

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..... B of the Act, and, therefore, the extended period of limitation was not available for completing the assessment. It was claimed that the Income-tax Officer had concurrent jurisdiction along with the Inspecting Assistant Commissioner under section 125A of the Act and, therefore, in the light of sub-section (7) of section 144B, the procedure laid down under that section was not required to be follow .....

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