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TMI Blog2010 (9) TMI 1185X X X X Extracts X X X X X X X X Extracts X X X X ..... this Appeal under Section 260 A of the Income Tax Act, 1961 ( the Act for short) the appellant-Revenue has proposed the following four questions stated to be substantial questions of law arising for determination by this Court. (1) Whether the Income Tax Appellate Tribunal was justified in law and on facts in deleting the disallowance of ₹ 54,60,10,262/-, being interest payable holdi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e year under consideration? 2.The assessment year is 1995-96 and the relevant accounting period is for the year ended on 31st March, 1995. The Assessing Officer framed assessment vide order dated 23.02.1998 under Section 143(3) of the Act disallowing deduction for lease rent of ₹ 23,07,22,860/- in respect of boilers taken on lease by the assessee. The Assessing Officer also disallowed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r in Second Appeal before the Tribunal who vide impugned order dated 14th December, 2000 allowed the said grounds of appeal. 3.Heard Mr. M.R. Bhatt, learned advocate appearing for the appellant and Mr. J.P. Shah, learned advocate appearing for the respondent. 4.It is an accepted position between the parties that the issues raised vide questions 1 and 4 stand concluded by a decision of th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ncome Tax Versus Unimed Technologies Pvt. Ltd. , in Tax Appeal No.365 of 1999 whereby the appeal filed by the Revenue came to be dismissed. 6.In the circumstances for the reasons stated in the case of Commissioner of Income Tax Versus Unimed Technologies Pvt. Ltd. in Tax Appeal No.365 of 1999, this ground of appeal is also dismissed. 7.In the light of the aforesaid, the impugned order of th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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