COMMISSIONER OF INCOME TAX Vs. HINDUSTAN METAL WORKS

JUDGEMENT

(1.) The following questions have been referred by the Income-tax Appellate Tribunal under Section 256(2) of the Income-tax Act, 1961 (briefly, "the Act"), for the opinion of this court :

(2.) Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was justified in cancelling the reassessment made under Section 143(3)/l47(a) of the Income-tax Act, 1961 ?"

(3.) That was why the Income-tax Officer issued notices under Section 148 and initiated reassessment proceedings under Section 147(a) of the Act.