2013 (2) TMI 843

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.... In this appeal by the Revenue, for the assessment year 2005-2006, the following questions have been raised for our consideration. (A) Whether, on the facts and in he circumstance of the case and in law the Tribunal was justified in allowing depreciation on royalty paid by the Assessee Company to M/s.Lyka Labs Ltd. Amounting to ₹ 19,72,907/? (B) Whether on the facts and in the circumstan....

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.... is concerned, the Counsel for the parties states that the issue raised in the above question stand covered in favour of the Assessee and against the Revenue, by the decision of this Court in I.T. A.No.2170/2009 in the respondent-assessee's own case rendered on 8th January, 2013. Inview of the above, we see no reason to entertain the Question 'A'. 3. So far as Question 'B' is ....