2002 (1) TMI 56

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..... enue, the following question of law has been referred to this court 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 .....

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..... r had wrongly followed the procedure laid down under section 144B 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 proc .....

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