2013 (11) TMI 737

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....,R. K. Upadhaya,S. Chopra For the Respondent : R. S. Agarwal, S. K. Garg ORDER We have heard Sri R.K. Upadhyay for the appellant-department. Sri Ashish Bansal appears for the respondent-assessee. This Income Tax Appeal under Section 260-A of the Income Tax Act, 1961 is directed against the order of the Income Tax Appellate Tribunal, Lucknow Bench, Lucknow, dated 9.11.2001 for the assessment ye....

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....on account of lease rent without appreciating the facts of the case? 3. Whether on the facts and in the circumstances of the case, the Income Tax Appellate Tribunal was correct in law in upholding the action of the CIT (A) in allowing in relief of Rs.3,23,779/- to the assessee in respect of the disallowance made on account of interest paid on borrowed funds without appreciating the facts of the c....

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.... interest on the borrowed fund of Rs.4,06,898/- and lease rent of Rs.36,000/- on the ground that they were so allowed in the previous years. So far as: * Allowing the interest of Rs.12,38,966/- is concerned, the appeal was filed before this Court for the previous years. It was numbered as Income Tax Appeal No. 39 of 1994 and was dismissed on 19.04.2005. * Other benefits are concerned no appeal w....