TATA METALIKS LTD. Vs. C.I.T. III

JUDGEMENT

(1.) THIS appeal was admitted on the following question of law:

(2.) THE order from which the question was formulated for adjudication in appeal was dated 22nd February, 2005 passed by the Tribunal relating to the Assessment Year 1999 -2000.

(3.) MS . Ghutghutia, learned Advocate appearing on behalf of the Revenue, submitted by the intimation dated 8th August, 2000 the assessee was informed that its original return had been accepted. Refund as raised stood already issued as intimated and thereafter the Assessing Officer did not resort to seeking any further particulars or evidence from the assessee in resorting to the provision of Section 143(2) of the said Act. In those circumstances, the assessment stood completed and accepted by the assessee who then had sought to file a revised return on the last day otherwise possible. According to her, the said revised return was not accepted as it could not be in the facts and circumstances of the case. She submitted the order of the Tribunal should not be interfered with.