2007 (8) TMI 764

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.... The revenue is aggrieved by an order dated 30-11-2006 passed by the Income-tax Appellate Tribunal, Delhi Bench 'C' in ITA No. 812/Delhi/2003 relevant for the assessment year 1999-2000. 2. The assessee claimed a deduction under section 43B of the Income-tax Act, 1961 on the ground that it was required to make a Special Value Branch (SVB) deposit with the Customs authorities to the extent of Rs.....

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....o be not payable to the Customs authorities on the relevant goods, then such amount shall be brought to tax under section 41(1)(a) of the Act in the relevant year. 4. Against the order passed by the Commissioner, the revenue preferred an appeal before the Tribunal which upheld the view taken by the Commissioner. 5. We find from a perusal of the order passed by the Tribunal that the assessee ....