2017 (11) TMI 642

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....: Mr Nitin K Mehta, Advocate ORAL ORDER (PER : HONOURABLE MR.JUSTICE AKIL KURESHI) 1. These appeals arise out of a common judgement of the Income Tax Appellate Tribunal dated 14.07.2016. The issues are similar in these appeals. We may notice that in Tax Appeal No. 334 of 2017, the Revenue has raised following questions: "A. Whether the Hon'ble ITAT is right in law and on fact....

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....me, were available with the assessee. It was, on this basis, that the Bombay High Court while relying on the judgement in case of Commissioner of Income Tax vs. Reliance Utilities and Power Ltd. reported in 313 ITR 340 allowed the assessee's appeal. We see no reason to take a different view. 3. Learned counsel for the Revenue tried strenuously to contend that the Tribunal's findings are....