2019 (12) TMI 987

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..... he Joint Commissioner of Income Tax, Special Range-I, Coimbatore, vide Assessment Order dated 06.03.2000. issued a notice under Section 148 of the Income Tax Act, on 05.11.1997, to the assessee for re-opening the assessment pertaining to the year 1992-1993, after obtaining prior approval from the Commissioner of Income Tax, Coimbatore, and raised a total demand of Rs. 21,25,310/-. The assessee cha .....

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..... iginal assessment, has found that the issuance of re-assessment notice under Section 147 and 148, is without due application of mind and without jurisdiction, and the re-assessment proceedings initiated under Section 147 of the Act, was merely on audit objection and therefore, held that the re-assessment order issued under Section 147/148 is bad in law and dismissed the appeal filed by the Revenue .....

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..... t in law in allowing the deduction under Section 80IA of the Income-tax Act, even though income derived by the assesssee not from Industrial Undertaking? 5. The learned Standing Counsel appearing for the Revenue has invited the attention of this Court to the Circular No.17/2019 dated 08.08.2019, issued by the Central Board of Direct Taxes and would submit that pursuant to the said circular, which .....

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