2009 (10) TMI 462

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....as delivered by Adarsh Kumar Goel J.- This appeal has been preferred by the Revenue under section 260A of the Income-tax Act, 1961 (in short, "the Act") against the order dated December 31, 2008, of the Income-tax Appel-late Tribunal, Amritsar Bench, Amritsar passed in I. T. A. No. 388/(ASR)/ 2008, for the assessment year 2001-02, proposing to raise the following question of law : "Whether o....

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....eholders. The Tribunal affirmed the said view. Reliance was placed on following judgments : (i)         Hindustan Steel Ltd. v. State of Orissa [1972] 83 ITR 26 (SC) ; (ii)        CIT v. Kharaiti Lal and Co. [2004] 270 ITR 445 (P&H) ; (iii)       CIT v. Maheshwari Nirman Udyog [2008] 3....