IN THE HIGH COURT OF JUDICATURE FOR RAJASTHAN AT JODHPUR -------------------------------------------------------- INCOME TAX APPEAL No. 141 of 2007 C.I.T.BIKANER V/S DR.DEVENDRA GUPTA Mr. KK BISSA, for the appellant / petitioner Date of Order : 1.11.2007 HON'BLE SHRI N P GUPTA,J. HON'BLE SHRI MUNISHWAR NATH BHANDARI,J. ORDER ----- Having heard learned counsel for the appellant as well as the caveator we are satisfied that the following substantial questions of law do arise for consideration in this appeal under Section 260 A of the Income Tax Act, 1961 against the order of the Tribunal dated 8.9.2005:- (i) Whether on the facts and circumstances of the case, the Tribunal was justified in adjudicating the validity of reasons accorded by the Assessing Officer at the time of assuming jurisdiction u/s 147 with reference to the ultimate finding reached by the Assessing Officer notwithstanding holding that the information received from DDI constitutes valid material on the basis of which required satisfaction can be reached by the Assessing Officer for assuming jurisdiction under Section 147? (ii)Whether on the facts and in the circumstances of the case the learned Tribunal was justified in quashing the reassessment and the consequential additions made therein holding that the passing of order under Section 143(3) read with Section 147 assessing the other income based on assessee's alleged statement before the DDIT because it did not form part of reasons recorded under Section 148. Admit. Issue notice and connect with the file of D.B.I.T.A.No.68/2006. ( MUNISHWAR NATH BHANDARI ),J. ( N P GUPTA ),J. mamta