2009 (3) TMI 1047

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....HONOURABLE MR.JUSTICE D.A.MEHTA) (1) At the time of admission on 22.11.1999 following three questions were formulated by the High Court as substantial questions of law: 1. Whether the Tribunal has erred in holding that the principle laid down in Mcdowel's case will not apply? 2. Whether the Appellate Tribunal is right in law and on facts in not appreciating that the transa....

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.... 16.04.1999, held that the transactions were genuine and the assessee was entitled to depreciation as claimed. (3) It is not necessary to set out the detailed reasons recorded by the Tribunal as it is common ground between the parties that the issue now stands concluded by order dated 10.09.2008 rendered in Tax Appeal No.444 of 2008 in the case of The Commissioner of Income Tax-Ahmedabad-II Vs.....