2007 (10) TMI 718

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..... nue is aggrieved by an order dated 4th August, 2006 passed by the Income Tax Appellate Tribunal (`the Tribunal') in ITA No. 1565/Del/2001 relevant for the Assessment Year 1996-1997. The Assessee had declared his income as Rs. 1,88,46,970/-, which includes a capital gain of Rs. 1,83,33,275/-. The return was processed by the Assessing Officer, who accepted the income shown by the Assessee. Su .....

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..... im for deduction and accordingly passed an order under Section 154 of the Act. Feeling aggrieved, the Assessee preferred an appeal before the Commissioner of Income Tax (Appeals) [CIT(A)]. The appeal was allowed on the ground that dis-allowance was beyond the scope of rectification permissible under Section 154 of the Act. The Revenue then preferred an appeal before the Tribunal and that is .....

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