2002 (11) TMI 58

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....ct, 1961 (for short "the Act"), is directed against the order dated November 5, 2001, passed by the Income-tax Appellate Tribunal, Delhi Bench "D", New Delhi (for short "the Tribunal"), in I. T. A. Nos. 2317 and 2318/Delhi of 1994, pertaining to the assessment years 1990-91 and 1991-92. Despite service no one appears for the respondent-assessee. We have, accordingly, heard Mr. Jolly, learned se....

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....he Tribunal in respect of the said assessment year involves a substantial question of law. However, as regards the assessment year 1991-92, the interest has been deleted by the Tribunal in view of the decision of the apex court in CIT v. Ranchi Club Ltd. [2001] 247 ITR 209, wherein the decisions of the Patna High Court in Ranchi Club Ltd. v. CIT [1996] 217 ITR 72 and Uday Mistanna Bhandar and C....