2011 (2) TMI 953

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....bsp; ADARSH 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, Chandigarh in I.T.A. No.507/Chd/2010 for the assessment year 2002-03 proposing following substantial questions of law:-   "(i) Whether on the facts and circumstances of the cas....

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....ofit in the hands of assessee?   (iv) Whether on the facts and circumstances of the case, the ITAT was right in law in deducting the face value of DEPB from sale price of DEPB for calculating profit under Sections 28(iiid) and 28(iiie) of the Income Tax Act, 1961 as if the face value is the cost incurred by the assessee to acquire the DEPB?   (v) Whether on the facts and circumstan....