CIT order u/s 263 in respect of items which do not form subject matter of SCN issued u/s 263 is liable to be quashed

PUNJAB & HARYANA HIGH COURT AT CHANDIGARH ITC No.90 of 1999 Date of Decision: 18.03.2013 The Commissioner of Income Tax, Patiala  Versus M/s Roadmaster Industries of India Ltd. ORDER HEMANT GUPTA, J. (ORAL) – The Revenue has invoked the jurisdiction of this Court under Section 256(2) of the Income Tax Act, 1961 (for short ‘the Act’) raising following substantial questions of law arising out of an order dated 19.08.1998 passed by the Income Tax Appellate Tribunal (for short “the Tribunal”) in respect of assessment year 1990-91: “(i) Whether on the facts a...