2013 (9) TMI 988

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.... the revenue which pertains to assessment year 1990-91, the following substantial questions of law were admitted to hearing vide order dated 21.08.2001: (1) Whether the Tribunal was justified in deleting the disallowance made on account of premium payable on redemption of debentures amounting to Rs. 15 lacs? (2) Whether the Tribunal was justified in directing allowance of deduction under Sec....

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....it Industries Ltd.; [2006] 287 ITR 46 (Del). 3. In view of the aforesaid position, questions no.1 and 3 are answered against the revenue and in favour of the assessee. 4. As far as question No.2 is concerned, the Tribunal has followed its earlier decision in assessment year 1987-88. The revenue did not challenge the order of the Tribunal for the assessment year 1987-88. 5. We have examine....

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....r of the Tribunal, reversed these orders, in view of their order for the assessment year 1987-88. However, factual matrix has not been discussed. 6. We are not in a position to comment upon and answer question No.2 in view of lack and absence of facts. It was the responsibility of the appellant to produce and file on record the relevant orders, if they wanted to rely and refer to the facts rela....