2014 (11) TMI 858

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....USTICE KS JHAVERI) 1. This Tax Appeal u/s.260A of the Incometax Act, 1961 is filed against the judgment and order dated 17.11.1999 passed by the Income Tax Appellate Tribunal in ITA No.1129/Ahd/1994 whereby, the appeal was dismissed. 2. Briefly stated, the facts are that the assesseefirm filed its return of income on 31.12.1990 declaring income at Rs. 50,26,263/. The return of income was ....

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....nal interest attributable to investment in shares. The A.O decided the issue against the assessee following earlier years' or in similar circumstances. The first appellate authority, following earlier years' orders, allowed relief to the assessee." 5. It is evident from the order of the Appellate Tribunal that the CIT(A) decided the issue in favour of the assessee by relying upon the orders pas....