2014 (5) TMI 854

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....aj R. Toprani ORDER P. C. This appeal filed by the revenue under section 260A of the Income Tax Act, 1961 challenges an order passed by the Income Tax Appellate Tribunal dated 29.7.2011. The Assessment year is 2002-03. The Respondent/Assessee is a notified person under the Special Court (Trial of Offences relating to Transactions in Securities) Act, 1992. By the impugned order, the Tribun....

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....chargeable u/s. 234A, 234B and 234C of the I.T.Act, 1961? (ii) "Is a notified person under the Special Court (Trial of Offences relating to Transaction in Securities) Act, 1992 liable to interest u/s.234A, 234B and 234C of the I.T.Act, 1961.?" 2. We have heard Mr.K.R.Malhotra learned counsel for the appellant and Mr.Pankaj R.Toprani learned counsel for the respondent. We have perused the pap....

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.... PVT.LTD we have allowed the said appeals filed by the revenue. A Division Bench of this Court in the case of DIVINE HOLDINGS PVT.LTD (supra) was dealing with identical questions of law as raised by the revenue in the present appeal. The Division Bench on a detailed analysis of the legal provisions has held that the questions of law framed by it was required to be answered by holding that the trib....