2007 (12) TMI 478

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..... By framing the following two substantial questions of law, the revenue has filed the present appeal: 1. Whether in the facts and circumstances of the case, the Tribunal was right in holding that the profit on sale of land carried to capital reserve cannot be added to book profit under section 115J? 2. Whether in the facts and in circumstances of the case, the Tribunal was right in holding t....

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....ieved by the order, the assessee filed an appeal before the Commissioner of Income Tax (Appeals), who by upholding the order of the assessing officer dismissed the appeal. The assessee carried the matter on appeal before the Income Tax Appellate Tribunal. By reason of the impugned order, the Tribunal allowed the appeal. The correctness of the same is now canvassed before this Court by the revenue.....