2014 (12) TMI 631

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....lla, Senior Counsel, with Mr. A. K. Jasani ORDER P. C. This Appeal challenges the order passed by the Income Tax Appellate Tribunal, Bench at Mumbai, dated 18th May, 2012 in Income Tax Appeal Nos.1073 and 1078/Mum/2005. The Appeal raises the substantial questions of law at least, insofar as question (a) and (b) on page 3 and 4 of the paper book. 2] The Appeal is, therefore, admitted on....

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....ded back to the book profit of the Assessee thereby ignoring the decision of the Karnataka High Court in the case of Commissioner of Income Tax Bangalore V/s. NCR Corporation India Ltd. (2010) 195 Taxman 430(Kar.) in which the issue is decided in favour of Revenue?" 3] As far as question (c) is concerned, it has been conceded that the issue raised by that question stands covered against the Rev....