M/S. Swaraj Engines Ltd vs Asst.Commnr.,Income Tax, Chandigarh ...

The Supreme Court directed the Income Tax Appellate Tribunal, Chandigarh, to examine the validity of the notice dated 20th March, 2002, in the pending Income Tax Appeal No.304/CHD/2007, which concerns the deduction under Section 80-I of the Income Tax Act, 1961. The Court noted that the CIT(A) had allowed the deduction for the Assessment Year 1997-98 but did not address the validity of the reopening of the assessment. The Civil Appeal was disposed of with interim orders continuing until the Tribunal's decision.