2008 (8) TMI 120

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..... stified in law in deleting the said disallowance – in view of decision of this Court in CIT vs (PICUP) U.P. Ltd., issue is decided in favour of the assessee and against the Revenue. - 06 of 2007 - - - Dated:- 5-8-2008 - Hon'ble Rajes Kumar,J. and Hon'ble Bala Krishna Narayana,J. Petitioner's Counsels - <?xml:namespace prefix = st2 /> D. D. Chopra JUDGMENT This is an appe .....

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..... ay 16, 1989?" 2."Whether on the facts and in the circumstances of the case, the learned Income Tax Appellate Tribunal was justified in law in deleting the said disallowance without appreciating the fact that the real income of the assessee escaped assessment because of the system of accounting adopted by the assessee and that the decisions relied upon by the assessee are distinguishable on fact .....

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