Jurisdictional AO may verify position & take such action as may be warranted in law u/s. 172(7)

IN THE ITAT RAJKOT BENCH Income-tax Officer (International Taxation) Versus Albatross Shipping Ltd. IT APPEAL NO. 28 (RJT.) OF 2012 CO. NO. 23 (RJT.) OF 2012 [ASSESSMENT YEAR 2010-11] OCTOBER 19, 2012 ORDER T. K. Sharma, Judicial Member This appeal by the Revenue is against the order dated 17.10.2011 of CIT(A) for the assessment year 2010-11. ITA No. 28/Rjt/2012 (By Revenue) 2. The facts in brief are that the Agent M/s Albatross Shipping Limited, Gandhidham filed various Vovage final return u/s 172(3) of the Income tax Act 1961 on various dates from the financial year 2009-201...