2008 (5) TMI 640

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....nch "A" ('the Tribunal') in ITA No. 2249/Delhi/2005 relevant for the assessment year 2002-03. 2. The Assessing Officer disallowed an amount of ₹ 70,58,000 being interest liability claimed by the assessee. This view was reversed by the Commissioner of Income-tax (Appeals) ['CIT(A)']. 3. Feeling aggrieved, the revenue preferred an appeal before the Tribunal which relied upon the in....