2010 (4) TMI 293

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....r.Vivek Sethi , Advocate for the appellant M.M.KUMAR, J. Revenue has invoked Section 260A of the Income Tax Act, 1961 (for brevity 'the Act') by filing four appeals namely ITA Nos. 719 to 722 of 2009 against the same assessee in respect of assessment years 2003-04 and 2004-05. The orders passed by the Income Tax Appellate Tribunal, Amritsar Bench, Amritsar (for brevity ' the Tribunal') in co....

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.... The Tribunal has placed reliance on the judgement of Hon'ble the Supreme Court rendered in the case of Union of India v. Ajadi Bachao Andolan (2003) 263 ITR 706 which has explained in detail its earlier judgement in the case of McDowell & Company Ltd. v. CTO (1985) 154 ITR 148. The aforementioned issue was considered by a Division Bench of this Court in the case of M/s Porrits & Spencer (Asia) Lt....