2010 (3) TMI 689

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....;  DR. D. Y. CHANDRACHUD, DEVADHAR J. P. JJ     JUDGMENT   Dr. D. Y. Chandrachud J.- The appeal by the assessee against the order of the Tribunal dated October 31, 2008 basically raises the following two questions of law :   "(a) Whether on the facts and in the circumstances of the case, the Tribunal erred in law in holding that income arising from licensing of the bu....

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.... under the head of profit and gains of business was accepted by the Revenue. For the assessment years 1993-94 and 2001-02 the assessments were completed under section 143(3) whereby the Assessing Officer had accepted the submission that the licence fees received by the assessee were business income. The court is informed that this was brought to the notice of the Tribunal. The assessee submits tha....