Income Tax Appeal v. Shri Raj.syntex Ltd

IN THE HIGH COURT OF JUDICATURE FOR RAJASTHAN AT JODHPUR -------------------------------------------------------- INCOME TAX APPEAL No. 15 of 2008 V/S SHRI RAJ.SYNTEX LTD. Mr. KK BISSA, for the appellant / petitioner Date of Order : 21.2.2008 HON'BLE SHRI N P GUPTA,J. HON'BLE SHRI DEO NARAYAN THANVI,J. ORDER ----- Heard learned counsel for the revenue. In our view, when the assessment was made underSection 143 read with Section 148, and admittedly when thatassessment order has not been challenged by the revenue byavailing appropriately available legal remedy, it cannot besaid that the Assessing Officer could exercise powers underSection 154, for the purposes, and in the manner, exercisedin this particular case. The learned Tribunal, therefore,cannot be said to be in error in passing the impugnedorder, and no substantial question of law, therefore,arises in this appeal. The appeal is, therefore, dismissed. /tarun/