2010 (9) TMI 91

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....Shri Piyush Agarwal appears for M/s Swarup Vegetable Products Industries Ltd.-the assessee. This income tax appeal filed by the Commissioner of Income Tax.? The Income Tax Appeal relates to the assessment year 1989-90, and arises out of the order of Income Tax Appellate Tribunal dated 2.6.2005. The department has preferred the appeal on the following questions of law:- "(1) Whether on the fa....

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....e licence fees as income from other sources? (4) Whether on the facts and in the circumstances of the case, the Tribunal is legally justified in law in allowing sugar unit expenses claimed at Rs.24,60,386/- by the assessee by ignoring the fact that the licence fee was not business income and the said expenses of Rs.24,60,386/- had no nexus with the business of the assessee?" It is submitted th....