2005 (1) TMI 713

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..... ncome-tax Appellate Tribunal (Delhi Bench 'D' New Delhi) (for short 'the Tribunal') has referred the following question of law arising out of its order dated 26-9-1994 relating to assessment year 1988-89 for the opinion of this Court :- "Whether on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was right in law in holding the guarantee commission paid to C .....

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..... atwalia, learned counsel for the Revenue, has pointed out that the decision of the Andhra Pradesh High Court in Akkamba Textiles Ltd.'s case (supra) stands affirmed by the Supreme Court, as the appeal against the same has been dismissed in Addl. CIT v. Akkamamba Textiles Ltd. [1997] 227 ITR 464. 6. In view of the above, we answer the question in the negative, i.e., in favour of the Revenue and ag .....

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