2007 (9) TMI 18

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....e Income-tax Act, 1961 (for brevity, 'the Act'), challenging order dated 16.7.1999, passed by the Income Tax Appellate Tribunal, Amritsar Bench, Amritsar (for brevity, 'the Tribunal'), in ITA No. 14(ASR)/1993, in respect of assessment year 1989-90 (A-3). The revenue has claimed that the following questions of law would arise for our determination:- 1.   Whether on the facts and in the....

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....e Tribunal we find that a finding of fact has been recorded by the Tribunal in para 8 of its order showing that the creditors got the drafts prepared and instead of depositing the same in the account of the assessee, erroneously deposited the same in the account of the Excise and Taxation Department. The licence fee was required to be paid by the assessee and this error has been considered as a te....