2013 (7) TMI 930

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....vocate for the respondent JUDDGEMENT Rajive Bhalla , J. (Oral): The revenue has filed this appeal challenging order dated 9.4.2007 passed by the Income Tax Appellate Tribunal, Chandigarh Bench-A, Chandigarh. The appeal was admitted on the following questions of law:- "(i) Whether on the facts and law, the Hon'ble Income Tax Appellate Tribunal was justified in holding that insurance....

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....the assessee in ITA No.165 of 2007, Commissioner of Income Tax-I, Ludhiana v. Venus Fabrics, Ludhiana, and ITA No.539 of 2008, Commissioner of Income Tax-I, Ludhiana v. Sarin Industrial Corporation, decided separately by order of even date. As regards the second question of law, it is agreed that the question has been decided against the revenue and in favour of the assessee in ITA No.172 of 2006,....