2015 (10) TMI 1750

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.... Junior Standing counsel and Mr. Abhishek Sharma and Ms. Radhika Gupta, Adv For the Respondent : Mr. Mayank Nagi, Adv ORDER 1. This appeal by the Revenue is directed against the order dated 28th November 2014 passed by the Income Tax Appellate Tribunal ('ITAT') in ITA No. 2598/Del/2012 for the Assessment Year ('AY') 2007-08. 2. The question of law before the ITAT was wh....

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.... Income Tax (2009) 34 SOT 159 Delhi and of the Chennai Bench of the ITAT in Infrastructure Development Finance Co. Ltd. v. A CIT (order dated 29th March 2007 in ITA No. 747,748/Mds/2005). 5. During the course of hearing today it transpired to the Court that, independent of the aforementioned two decisions, the stand of the Revenue as set out in its memorandum of appeal, and that of the Assessee....