AO requires to restrict himself only to year before him for considering whether there is any violation of s. 72A(2)

ITAT MUMBAI BENCH ‘J’ Bayer Material Science (P.) Ltd. Versus Assistant Commissioner of Income-tax IT Appeal Nos. 6666 & 6667 (Mum.) of 2009 [ASSESSMENT YEARS 2003-04 & 2004-05] FEBRUARY  13, 2013 ORDER R.S. Syal Accountant Member  These two appeals by the assessee are directed against the separate orders dated 12.10.2009 passed by the ld. CIT(A) in relation to the A.Ys. 2003-04 & 2004-05. Since some common issues are involved in these appeals, we are therefore, proceeding to dispose them off by this consolidated order for the sake of convenience. A....