2011 (2) TMI 128

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....RSH KUMAR GOEL, J.   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 in I.T.A. No.492/(ASR/2008 for the assessment year 1998-99 proposing following substantial questions of law:- i. Whether on the facts and in the circumstances of the case, Hon'ble ITA....

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....Chand Mukesh Kuamr/ M/s Bemco Jewellers Pvt. Ltd. (being a director therein) however, a finding was given that M/s Bemco Jewellers Pvt. Ltd./ M/s 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, Hon'ble ITAT was justified in following its own decision dated 11.09.2008 in the case of ACIT, Jalandhar Vs....

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....ation of all witnesses and at the same time being satisfied by all the Respondent's averments at face value, thus forcing the revenue to prove its case beyond all reasonable doubt?"   2. Learned counsel for the revenue states that the matter is covered in favour of the revenue by judgment of this Court dated 8.2.2011 in I.T.A. No.174 of 2009 CIT v. Sh. Tejinder Singh HUF, wherein order of ....