COMMISSIONER OF INCOME TAX Vs. SHYAM COLD STORAGE

JUDGEMENT

(1.) THE present appeal has been filed under Section 260 -A of the Income -tax Act, 1962, hereinafter referred to as "the Act", against the order dated 27th August, 2010 passed by the Income Tax Appellate Tribunal, Agra Bench, Agra in ITA No.238/Agr/2006 for the Assessment Year 2002 -03.

(2.) THE present appeal arises out of the reassessment proceeding under Section 147 of the Act. The Assessing Officer after recording reasons issued notice under Section 147 of the Act for the Assessment Year 2002 -03. The assessee participated in the reassessment proceeding. The reassessment was completed by making certain additions. The matter was carried in appeal and the appeal was allowed in part by the Commissioner of Income Tax (Appeals), Ghaziabad. Thereafter the matter was carried further in appeal before the Tribunal by the assessee. During the course of the appeal, the assessee raised the following ground.

(3.) THE following four substantial questions of law have been framed in the memo of appeal.