2003 (3) TMI 47

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....by V.S. SIRPURKAR J.-Mr. T. Ravikumar, learned standing counsel for income-tax accepts notice on behalf of the respondent. After hearing learned senior counsel, Mr. V. Ramachandran, and learned counsel for the Department in extenso, it is seen that in the impugned order, the Income-tax Appellate Tribunal (hereinafter referred to as "the Tribunal"), has not considered the first issue, which is r....

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.... to the findings of the Commissioner of Income-tax (Appeals) in respect of the aforementioned amount has been dealt with by the Tribunal. The Tribunal, in our opinion, could not merely say that it agrees with the findings of the Commissioner of Income-tax (Appeals) and more particularly in respect of the aforementioned amount of Rs. 79,47,330. Learned counsel appearing on behalf of the Department ....