2006 (4) TMI 119

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..... d in the return filed under section 139 of the Act cannot be treated as income from undisclosed sources for the purpose of block assessment. This contention found favour to the Tribunal and accordingly the order passed by the Commissioner in section 263 proceedings was set aside in IT(SS) A/6/IND/2000 by the Tribunal vide order dated February 4, 2003 - In these circumstances, this appeal which ari .....

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..... questions of law: "1. Whether the Income-tax Appellate Tribunal was justified in quashing the assessment order, dated November 25, 1997, framed under section 158BC ? 2. Whether there were valid grounds available to the Tribunal to quash the assessment order dated November 25, 1997, under section 158BC and if so whether the order of the Tribunal can be sustained on those grounds ?" 2. Hear .....

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..... was sequel to the order passed by the Tribunal on February 4, 2003, in the assessee's appeal referred to supra and hence the same has to be upheld being passed in accordance with the earlier order passed by the Tribunal in the assessee's favour as a consequential one. 4. In the block assessment for the period April 1, 1986, to October 31, 1986, an assessment order was passed in respect of an i .....

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