9911796707
TMI Blog2018 (12) TMI 1797X X X X Extracts X X X X X X X X Extracts X X X X ..... w, after examining the issue and after giving an opportunity of being heard - HELD THAT:- No substantial questions of law arise for consideration in this appeal. The Commissioner has sent back the matter for determination by the Assessing Officer. However, certain observations of fact has been made. Therefore, we are of the view that when the matter is sent back for re-determination for the Assess ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssing Officer accepted the income of the assessee. Thereafter, proceedings were issued under Section 263 of the Act by the Principal Commissioner of Income Tax, Bengaluru. The Principal Commissioner of Income Tax was of the view that the order of the Assessing Officer was erroneous and prejudicial to the interests of the Revenue. The assessment order was set-aside with a direction to reframe the a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the Tribunal that no query was raised by the Assessing Officer regarding purchase and sale of immovable property during the assessment proceedings is correct? iii. Whether on the facts, in the circumstances and on the grounds and contentions urged, the Tribunal was right in holding that Section 50C of the Income Tax Act, 1961 was applicable to the instant case? iv. Once the Revenue has acce ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sputed by Sri Jeevan J. Neeralgi, the learned counsel for the respondents. 5. On hearing learned counsels, we are of the view that no substantial questions of law arise for consideration in this appeal. The Commissioner has sent back the matter for determination by the Assessing Officer. However, certain observations of fact has been made. Therefore, we are of the view that when the matter is sen ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
