2010 (1) TMI 27

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..... swered in favor of assessee - 44 of 2001 - - - Dated:- 13-1-2010 - Petitioner Counsel:- A.N.Mahajan,A.Kumar,B.J.Agarwal,D. Awasthi,G. Krishna,R.K. Upadhyay,S.Chopra Respondent Counsel:- P. Agarwal Hon'ble Rajes Kumar,J. Hon'ble Subhash Chandra Nigam,J. Heard Sri A.N.Mahajan, learned counsel for the appellant and Sri Vijay Agrawal, learned counsel for the respondents and perused t .....

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..... and in the circumstances of the case, the Ld. ITAT was legally justified in passing the order in respect of interest liability as above (para-2), in view of the decision of Hon'ble Supreme Court in the case of M/s K.C.P. Ltd. reported in 245 ITR 421 holding the excess price realized on levy sugar as trading receipts? Sri A.N. Mahajan, learned Standing counsel for the appellants has fairly stat .....

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