2010 (2) TMI 907

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....the order passed by the Commissioner of Income-tax (Appeals) which has been further affirmed by the Income-tax Appellate Tribunal, Bangalore, in I. T. A. No. 1253/Bang/2002, dated July 4, 2005 for the assess-ment year 1997-98.   2. The appeal was admitted to answer the following substantial questions of law :   "(1) Whether the Tribunal was correct in holding that the sales tax and....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....have heard the learned counsel for the parties.   4. The learned counsel for both the parties did not dispute that questions Nos. 1 and 2 are answered against the Revenue by the hon'ble Supreme Court in CIT v. Lakshmi Machine Works reported in [2007] 290 ITR 667 (SC). In view of the same, the said questions are answered against the Revenue and in favour of the assessee.   5. So far....