2013 (10) TMI 1423

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....enior Counsel with Ms. Veena Mandlik, learned counsel for the appellant. JUDGEMENT Heard on the question of admission. This appeal under Section 260A of the Income Tax Act, 1961 (for short the Act) is directed against the order dated 16.04.2013 passed by the Income Tax Appellate Tribunal (for short 'the Tribunal') Bench Indore in ITA No. 203/IND/2012 for the Assessment Year 20062007, w....

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....cted to be deleted." Dissatisfied with the order of the CIT (Appeals), the Revenue filed appeal before the Tribunal. The Tribunal, after considering the arguments of the learned counsel for the parties, placing reliance on the judgment passed by the Madras High Court in the case of Commissioner of Income Tax Vs. Chensing Ventures [2007] 291 ITR 258 (Mad) has held that since the assessee was allot....