2013 (1) TMI 552

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....appeal has been filed under Section 260 (A) of the Income Tax Act, 1961 (hereinafter referred to as the 'Act') against the order dated 12.9.2008 passed by the Income Tax Appellate Tribunal, New Delhi (hereinafter referred to as the 'Tribunal'). The Commissioner of Income Tax, Ghaziabad has proposed the following substantial question of law said to be arising out of the order of the Tribunal: - ....

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....nd like items. The bank is registered under the U.P. Cooperative Societies Act, 1965. It had applied for grant of licence to undertake banking activities from the Reserve Bank of India. Pending issuance of licence, the Reserve Bank of India vide letter dated 28.12.2007 had permitted the bank (opposite party) to continue its banking activities. The letter dated 28.12.2007 has been reproduced in the....