2014 (4) TMI 635

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ssanjee With Mr. S. J. Mehta JUDGMENT P. C. : 1 This appeal challenges the order passed by the Income Tax Appellate Tribunal dated 20th August, 2010 in two income tax appeals, one by the revenue and other by the assessee. By the common order the Tribunal has partly allowed both the appeals. 2 In the submission of Mr.Vimal Gupta, learned senior counsel appearing for the revenue, this ap....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... It is accordingly answered and the appeal is disposed of to this extent in terms of the Division Bench judgment and the retrospective operation given to the statute. 4 As far as the questions 4(A) and 4(B) at page 5 are concerned, though it is submitted by Mr.Gupta that they are substantial questions of law, we are unable to agree with him. In regard to this claim, after referring to all the m....