2000 (7) TMI 7

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... non-applicant, assessee. This is an application made by the Revenue, praying for review of the order dated March 6, 1996, passed by a Division Bench of this court in M. C, C. No. 18 of 1992, on a reference made under section 256(1) of the Income-tax Act, 1961. The question of law referred to this court for answer was as follows: "Whether, on the facts and in the circumstances of the case, t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ation of two years now provided under the amended provision. Notice under section 148 ibid was served on September 29, 1983, on the assessee. The original assessment was completed on July 30, 1985. Obviously, therefore, the assessment in question was made prior to the amendment of section 153(2) ibid. The present provision of section 153(2) ibid could not, therefore, be taken into consideration .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X