2006 (8) TMI 152

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..... ncome-tax Appeal No. 1290/Ahd//1992 relating to the assessment year 1990-91 has referred the following question for the opinion of this court: "Whether, the Appellate Tribunal is right in law and in facts in confirming the order passed by the Commissioner of Income-tax (Appeals) deleting additional income-tax of Rs. 22,42,320 leviable under section 143(1A) of the Act on the ground that there is .....

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..... r placing its reliance on the judgment of the Delhi High Court in the case of Modi Cement Ltd. v. Union of India [1992] 193 ITR 91, held that the assessee was entitled to the deductions and the additional income-tax could not be levied. The Supreme Court heard the said matter along with the appeal filed by the Assistant Commissioner of Income-tax against J. K. Synthetics Ltd. reported in [2001] .....

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