2020 (10) TMI 1308

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..... e Respondent : Mr. A.S. Sriraman. COMMON JUDGMENT Judgment was delivered by T.S. Sivagnanam, J. We have elaborately heard Mr. J. Narayanasamy, learned Senior Standing Counsel appearing for the appellant and Mr. A.S. Sriraman, learned counsel appearing for the respondent. 2. These appeals have been filed by the Revenue under Section 260A of the Income Tax Act, 1961 (for short, the Act) challe .....

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..... ad assessed the said income as 'house property income' and the CIT(A) on appeal reversed it and held as 'business income'?" 4. First, we take up for consideration the second substantial question of law. In fact, there would be no requirement to decide this substantial question of law in the light of the sudden subsequent developments. The Revenue filed M.P. No. 94/Chny/2018 before the Tribunal t .....

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..... sity to answer the second substantial question of law. 5. One more substantial question of law raised for consideration in these appeals is as to whether the Tribunal was justified in holding that the only course available to the Revenue is the revision of its order under Section 263 of the Act. So far as this question is concerned, we find that the observation made by the Tribunal regarding exe .....

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