2011 (11) TMI 433

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....of the Income-tax Act, 1961 (for short "the Act"), raising the following substantial questions of law arising out of the order dated October 14, 2010, passed by the Income-tax Appellate Tribunal, Chandigarh Bench, Chandigarh (for short "the Tribunal") for the assessment year 2003-04 :   "1. Whether, on the facts and in the circumstances of the case, the learned Income-tax Appellate Tribuna....

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....ate Tribunal is justified in holding that the expenditure of Rs. 7,09,57,404 is entirely relatable to the year under consideration ignoring the fact that the relevant details have not been filed by the assessee before the Assessing Officer as per its specific direction ?"   2. Learned Tribunal has found that the amount of Rs. 7,09,57,404 was allowed as one-time expenditure in view of the d....