2013 (1) TMI 671

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.... the Revenue under section 260A of the Income-tax Act, 1961, against the order dated January 31, 2003, passed by the Tribunal in Case No. 41/Nag/2001 (assess-ment year 1996-97). 2. This appeal was admitted for hearing on the following substantial question of law :  "Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was justified in allowing de....

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....the light of the law laid down by the Supreme Court in the aforesaid case. 4. In our view, the matter thus need to be examined by the Tribunal in the first instance on its factual aspects in the light of the law laid down by the Supreme Court in the aforementioned case and other decisions of the Supreme Court rendered after the decision of the Tribunal referred to in the said decision and then,....