2009 (4) TMI 931

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.... for the revenue and the respondent. Appeal seeks to raise the following questions of law :- A) Whether in the facts and circumstances of the case and in law the ITAT was right in confirming CIT (A)'s order treating the amount realised on sale of additional quota of free sale sugar as capital receipt not liable to tax ? B) Whether in the facts and circumstances of the case and in law the ITA....

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....The Commissioner of Income Tax V/s. Bajaj Hindustan Ltd.} vide order dated 24th March, 2009. 3. So far as the second question is concerned, it is submitted that the earlier assessment order giving rise to the very same question, in the case of the assessee itself, has been accepted by the revenue. In this view of the matter, the second question can be hardly said to be a substantial question of....