2015 (7) TMI 806

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....ani i/by Paras S. Savla, for the Respondent. ORDER P.C.: 1 In this Appeal the Revenue challenges the order of the Income Tax Appellate Tribunal dated 10.08.2011. The Assessment Year in question is 20072008. 2 It is stated that the Appeal raises two substantial questions of law. They are formulated by the Revenue at pages 3 and 4 of the paper book. 3 The relevant facts and which have been se....

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....ave ignored and not abide by the binding judgment of the Honourable Supreme Court of India in the case of Escorts Limited v/s Union of India reported in (1993) 199 ITR 43 (SC). 5 Aggrieved by the same, the Assessee approached the Commissioner of Income Tax (Appeals) and the said appeal was allowed. Then, the Revenue approached the Tribunal and the Tribunal having dismissed it's appeal that th....