2011 (1) TMI 901

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....; AJAY KUMAR MITTAL, J.   1. This appeal has been filed by the revenue under Section 260A of the Income Tax Act, 1961 against the order dated 13.11.2006 passed by the Income Tax Appellate Tribunal, Delhi Bench "G", Delhi (in short "the Tribunal"), in ITA No. 4398/Del/2004 for the assessment year 1997-98, claiming following substantial question of law:-   "Whether on the facts an....

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.....82,58,720/-. The assessee expired and notices under Section 148 of the Act were issued to the legal heirs of the assessee on 21.3.2003 and returns declaring nil income were filed by some of the legal heirs. The Assessing Officer completed the assessment on 17.11.2003 at an income of Rs.82,58,720/-. On appeal, the Commissioner of the Income Tax (Appeals) [in short "the CIT(A)"] upheld the view of ....

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....from Business or profession' and 'income from other sources' are ascertain on the basis of system of accountancy followed by the assessee;   (b) where assessee is not maintaining books of accounts by adopting any specific method, it shall be treated to be cash system of accountancy;   (c) the interest under Section 34 to be awarded by the Collector partakes the characters of compen....