2011 (3) TMI 137

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....bsp; 1. This appeal has been preferred by the revenue under Section 260-A of the Income Tax Act, 1961 (for short, "the Act") against the order of the Income Tax Appellate Tribunal, Amritsar dated 8.6.2010 in I.T.A. No.183(ASR)/2010 for the assessment year 2000-01 proposing to raise following substantial questions of law:-   i. Whether on the facts and circumstances of the case, Hon'ble ITAT....

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....kesh Kumar Bemco Jewellers Pvt. Ltd. (being a director therein), however, finding was given that Bemco Jewellers Pvt. Ltd. Bishan Chand Mukesh Kumar was engaged in genuine business of trade of jewellery?   iv. Whether on the facts and in the circumstances of the case, the Hon'ble ITAT was justified in following its decision dated 11.09.2008 in the case ACIT Range-I, Jalandhar Vs. Sh. K.L. Se....

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....n'ble Supreme Court in the case of Durga Prasad More 82 ITR 540 and Sumati Dayal 214 ITR 801?   vi. Whether the Hon'ble ITAT grossly erred in law by applying two different yardsticks and standards by requiring the appellant Revenue Dept. to pass test of cross examination of all witnesses and at the same time being satisfied by all the respondent's averments at face value, thus forcing the re....