2003 (10) TMI 43

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....is appeal under section 260A of the Income-tax Act, 1961, is directed against the order dated October 25, 2001, passed by the Income-tax Appellate Tribunal dismissing the Department's appeal against the order of the Commissioner of Income-tax (Appeals) deleting the addition of Rs. 4,08,768 for the assessment year 1990-91. The assessee entered into an agreement to lease its machinery to Vira Proper....

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....see filed an appeal before the Commissioner who by his order dated September 30, 1992, deleted the addition. The Revenue went in appeal before the Tribunal which has been dismissed by order dated October 25, 2001. Hence, this appeal by the Revenue. We have heard counsel for the appellant and perused the impugned orders passed by the Commissioner and the Tribunal. The question that arises in thi....