2021 (4) TMI 871

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..... e. Respondent: Mr. Mayank Nagi, Adv. ORDER 1. This is revenue's appeal which is directed against the order of the Income Tax Appellate Tribunal [in short the "Tribunal"] dated 25.11.2019, passed in ITA No. 3744/Del/2015 [assessee's appeal] and ITA No. 3488/Del/2015 [revenue's appeal] concerning assessment year 2008-2009. 2. The revenue, via the appeal, seeks to agitate the deletions made t .....

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..... ement medical scheme provision created a definite liability. 4.1 In this behalf, Accounting Standard [AS] 15 issued by the ICAI is taken note of. 5. We are informed by Mr. Ajit Sharma, learned senior standing counsel, who appears for the revenue that the revenue did carry the aspects referred to in paragraph 2 above in appeal to this Court in an earlier round with respect to the aforementioned a .....

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..... only the second aspect. 9. Accordingly, the instant appeal is admitted vis-a-vis the second aspect noticed in para 2 above and the following question of law is framed: Whether the Tribunal misdirected itself in law and on facts in deleting from the taxable income of the assessee interest which accrued to Cooperative Electrical Supply Society Ltd., Siricilla? 10. List the matter in the regular .....

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