2014 (12) TMI 683

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.... of the Income-tax Act, 1961 is filed against the order dated 23.12.2005, passed in ITA No.1494/Ahd/2000 for the Assessment Year 1990-91, whereby, the appeal filed by the Revenue was dismissed, sustaining the order passed by the CIT(A). 2. Briefly stated, the facts are that the assessee company is a private limited company, engaged in running a hotel, restaurant and catering services. While fin....

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....y the Assessing Officer. Hence, this appeal. 4. We have heard learned counsel for both the sides. The appeal was admitted vide order dated 28.06.2007, which reads as under:     "Heard the learned counsel for the appellant.     The appeal is admitted in terms of the following questions:-         "(A) Whether the Appellate ....

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....ainst the assessee in light of decision in case of Commissioner of Income-tax Vs. Anand Theatres, [2000] 244 ITR 192 (SC).     4. Hence, question No.1 is answered in the negative i.e. in favour of the Revenue and against the assessee.     5. Similarly, Mrs.M.M.Bhatt, learned Standing Counsel appearing on behalf of the applicantRevenue, has accepted the position ....