LAWS(CAL)-2011-2-24

HINDUSTAN LEVER LTD Vs. COMMISSIONER OF INCOME TAX

Decided On February 04, 2011
HINDUSTAN LEVER LTD. Appellant
V/S
COMMISSIONER OF INCOME TAX Respondents

JUDGEMENT

(1.) This appeal under Section 260A of the Income Tax Act, 1961 is directed against an order dated 16th July, 2002, passed by the Income Tax Appellate Tribunal, 'E' Bench, Calcutta in ITA No. 660 (Cal) of 2000 relating to the assessment year 1995-96 by which the said Tribunal dismissed the appeal preferred by the Appellant against an order dated 29th March, 2000, passed by CIT, West Bengal-II, Calcutta for the assessment year 1995-96 under Section 263 of the Income Tax Act, 1961.

(2.) A Division Bench of this Court by order dated 18th August, 2003 formulated the following questions of law in this appeal for hearing.

(3.) Being dissatisfied, the Assessee preferred an appeal before the Income Tax Appellate Tribunal and the said Tribunal, by the order impugned herein, has dismissed the appeal by affirming the order of the Commissioner of Income Tax invoking his power under Section 263 of the Act.