2012 (12) TMI 75

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....HI)   1. Revenue is in appeal against the judgment of the Tribunal dated 11.9.2009 raising following questions for our consideration:- "Whether the ITAT was right in law and on facts in the circumstances of the case in reversing the CIT(A)'s order ignoring the fact that the assessee had not used the plant and machinery for its business and the same was given on lease rent from 1991- 92? Al....

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....iation for the year under consideration, however, after issuing notice in purported exercise of powers under Section 154 of the Income Tax Act, 1961, withdrew such benefit by an order dated 31.3.1999. 4. The assessee appealed against such order. CIT(Appeals), however, dismissed the appeal by his order dated 29.5.2001. The assessee carried the matter in appeal. The Tribunal by the impugned order ....