2012 (4) TMI 818

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..... PER KUL BHARAT (JM):- These two appeals have been filed by Revenue against common order dated 02-09-2011 passed by the Learned Commissioner of Income-tax (Appeals)-III, [hereinafter referred to as the learned CIT(A) ] Ahmedabad for Assessment Years (AYs) 2005-06 and 2008-09. ITA no.2920/Ahd/2011: 2 In this appeal the grievance of Revenue is restricting the disallowance to Rs.75, .....

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..... en passed by co-ordinate Benches and Hon ble High Court on the issue in question. Following ratio decided in Minda Investment Ltd. (supra), we remit the matter back to the file of AO to decide the matter afresh in the light of judicial pronouncements. This appeal is allowed for statistical purpose. ITA no.2921/Ahd/2011: 4 In this appeal the Revenue is aggrieved by the deletion of disallow .....

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..... both the parties agreed that the issue is covered by the decision of the Hon ble Punjab Haryana High Court in the case of CIT vs. GP International Ltd. (2010) 229 CTR (P H) 86, wherein the Hon ble High Court has decided the issue in favour of the assessee by observing that the Tribunal has rightly come to the conclusion that the aforesaid liability of the assessee cannot be said to have ceased .....

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