2015 (1) TMI 1304

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..... respondent. JUDGEMENT HEMANT GUPTA, J. (ORAL) The Revenue is in appeal under Section 260 A of the Income Tax Act, 1961 (for short 'the Act') aggrieved against the order passed by the Income Tax Appellate Tribunal, Chandigarh Bench, Chandigarh (for short 'the Tribunal') on 23.11.2000 relating to the assessment year 1989-90. The Revenue - appellant has raised the following substantial questio .....

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..... M/s Highway Cycle Industries Ltd.' The said question is, thus, answered in favour of the revenue for the same reasons as are recorded therein. Now coming to the second substantial question of law, the same is covered by the judgment of this Court in Commissioner of Income Tax Vs. Avon Cycles Ltd. (2008) 303 ITR 345. Consequently, while answering the first substantial question of law in favour of .....

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