2010 (1) TMI 27

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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 the record. This is an appeal under Section 260-A of the Income Tax Act, 1961 relating to the assessment year 1987-88 arising from the order of the Tribunal dated 30.6.2000 raising the following Substantial Questions of Law:- 1. W .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... n 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 stated that the Question no.1 is covered by the decision of this Court in the case of Commissioner of Income-Tax Vs. Sir Shadi Lal Enterprises Ltd. reported in (2008) 300 ITR-137(All) in favour of the assessee and against the Revenue and Ques .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X