2006 (7) TMI 708

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.... the Respondent. ORDER 1. The revenue is aggrieved by an order dated 19-9-2001 passed by the Income-tax Appellate Tribunal, Delhi Bench 'B' in ITA No. 3862/Del./96 for the relevant assessment year 1991-92 and other connected appeals. 2. It appears that for the assessment year 1984-85, the assessee changed its method of accounting for the purpose of valuation of its closing stock by exclud....

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....h October, 2005 it was directed that in case appropriate orders are not passed by the Tribunal in respect of the application under section 256(1) of the Act, learned counsel for the revenue shall argue the present appeal. The revenue was granted liberty to seek expeditious disposal of the pending application before the Tribunal. 4. Today, it has been brought to our notice that the application i....

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....find from the order passed by the Tribunal that the alternate issue had earlier arisen. In Indian Communication Network (P.) Ltd. v. IAC [1994] 49 ITD 56 (Delhi) (SB). The decision of the Tribunal in Indian Communication Network (P.) Ltd.'s case (supra ) was followed by a Special Bench of the Tribunal in the case of the assessee itself. The decision in the case of the Assessee is reported in ITO v....