2008 (8) TMI 526

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....udgment of the court was delivered by Rajesh Bindal J.- The Revenue has filed the present appeal against the order passed by the Income-tax Appellate Tribunal, Chandigarh Bench "A", Chandigarh (for short, "the Tribunal"), in I. T. A. No. 374/Chandi/ 2006 dated October 16, 2007, raising the following substantial question of law : "Whether in the facts and in the circumstances of the case, the....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ebruary 25, 2005, raising a demand of Rs. 12,34,814. The order was upheld by the Commissioner of Income-tax (Appeals). In further appeal before the Tribunal, the plea set up by the assessee was accepted. It was noticed that in the invoices raised by various State agencies who procured food grains on behalf of the assessee, the cost of wheat has been shown apart from the cost on account of other in....