Proceedings u/s. 147 not to initiated to examine as to whether there is escapement of income

IN THE ITAT MUMBAI BENCH ‘L’ Deputy Director of Income-tax (International Taxation) Versus Societe International De Telecommunication IT APPEAL NO. 4970 (MUM.) OF 2005 CO NO. 67 (MUM.) OF 2006 [ASSESSMENT YEAR 1996-1997] SEPTEMBER 26, 2012 ORDER R.S. Syal, Accountant Member  This appeal by the Revenue and Cross Objection by the assessee arise out of the order passed by the CIT (A) on 23.3.2005 in relation to assessment year 1996-1997. 2.1. First ground of assessee’s cross objection is against the unfavourable decision of the ld. CIT (A) on the question of i...