2017 (2) TMI 1363

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..... Income Tax Act, 1961 (the Act), challenges the order dated 24th January, 2014 passed by the Income Tax Appellate Tribunal (the Tribunal). The impugned order dated 24th January, 2014 is in respect of Assessment Year 200809. 2 The Revenue urges the following question of law for our consideration: "Whether on the facts and in the circumstance of the case and in law, the Tribunal was justified in r .....

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..... e decision of this court in Chaphalkar Brothers (supra) is subject matter of appeal before the Supreme Court. However, in the absence of any stay of the decision of this Court in Chaphalkar Brothers (supra), no fault can be found with the impugned order of the Tribunal in following the decision of the jurisdictional High Court. 5 In view of the above, the question as framed does not give rise to .....

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