(1.) This appeal under Section 260A of the Income-tax Act, 1961 ("Act") is at the instance of an alleged "deemed Assessee in default" and is directed against an order dated February 18, 2011, passed by the Income-tax Appellate Tribunal, "B" Bench, Kolkata in I.T. A. No. 495/ Kol/ 2010 for the Assessment Year 2002-03 modifying the order of the CIT(A) and partly allowing the appeal preferred by the Appellant before us.
(2.) Being dissatisfied, the alleged deemed Assessee in default has come up with this appeal.
(3.) The facts giving rise to filing of this appeal may be summed up thus: