2005 (8) TMI 31

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..... e Income-tax Act, 1961, directed that only the appeal relating to the assessment year 1990-1991 would be admitted. As far as the second assessment year 1991-1992 was concerned, the High Court was of the view that the issue had been correctly decided in favour of the assessee by the Tribunal relying upon the decisions of the Patna High Court in Ranchi Club Ltd. v. CIT [1996] 217 ITR 72 and Uday Mis .....

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..... ithout question affirmed by this court. The second ground on which the appellant has contended that the appeal should have been admitted is that the law laid down in Ranchi Club [2001] 247 ITR 209 (SC) had been changed by virtue of the decision of the Constitution Bench in CIT v. Anjum M.H. Ghaswala [2001] 252 ITR 1. Learned counsel appearing for the respondent on the other hand has urged that th .....

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