The Court : This appeal by the revenue filed under Section 260A of the
Income Tax Act, 1961 (the Act) is directed against the order dated 30.10.2024
passed by the Income Tax Appellate Tribunal, “B” Bench, Kolkata (Tribunal) in
ITA/1844/Kol/2024, for the assessment year 2016-17.
The revenue has raised the following substantial questions of law for
consideration :
“a) Whether in facts and in the circumstances of the case the Ld. Income
Tax Appellate Tribunal was not justified in law in quashing the
reassessment order without considering the fact that the reopening was
made on the basis of specific and credible information from the
investigation wing of the department ?
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