Proceedings u/s 163 are only intended to ensure that a person can be regarded as a representative assessee only on existence of certain conditions

DECIDED BY: ITAT, MUMBAI BENCH `L’, IN THE CASE OF: Hindalco Industries Ltd. Vs. DCIT(IT), APPEAL NO: ITA Nos. 3667 and 4684/Mum/2005, 6923/Mum/2006 , DECIDED ON May 14, 2010

ORDER

PER N. V. VASUDEVAN, JM:-

1. Therein after referred to as Hindalco}; while ITA No. 4968/Mum/2005 is an appeal by the revenue. Both these appeals are directed against the Hindalco Industries Limited order dated 31.3.2005 of learned CIT(A)-XXXI, Mumbai relating to A.Y. 2001-02 arising out of proceedings u/s. 147 of the Act read with section 163 of the Act.

2. ITA No. 3667/Mum/2005 is an appeal by Hindalco against the order dated 21.2.2005 of learned CIT(A)-XXXIII, Mumbai relating to A.Y. 2001-02; whereby learned CIT(A) confirmed the order of the Assessing Officer passed u/s. 163 of the Act, treating Hindalco as representative assessee of M/s. Alcan Inc (Canada).

Please become a Premium member. If you are already a Premium member, login here to access the full content.