2008 (12) TMI 747

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....preferred by the Revenue under s. 260A of the IT Act, 1961 (in short, 'the Act') against the order of the Tribunal, Chandigarh Bench, 'B', Chandigarh passed in ITA No. 751/Chd/2004 dt. 31st Oct., 2007 in respect of asst. yr. 1999-2000, proposing to raise following substantial question of law : "Whether on the facts and in the circumstances of the case the Tribunal was right in l....

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.... between the nature of the payment made by the assessee to the PSEB in the case of Industrial Cables (India) Ltd. (supra) and in the case of the assessee. Since the claim of the assessee in the case of Industrial Cables (India) Ltd. (supra) has been held not to be in the nature of penalty, we respectfully following the order of the Hon'ble Punjab and Haryana High Court in the case of Industria....