2001 (6) TMI 24

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....estion set out at page 1 of the paper book for our opinion: "Whether, on the facts and in the circumstances of the case, the Tribunal was justified in law in allowing the assessee's appeal against the order of the Commissioner of Income-tax (Appeals)-XIV wherein the learned Commissioner of Income-tax (Appeals) held that demurrage was received on account of the carriage goods?" The assessee is a ....

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....has also confirmed the view taken by the Assessing Officer. In appeal before the Tribunal, the Tribunal has allowed the claim of the assessee, following the view taken by the Tribunal in Nippon Steel Shipping Co. Ltd. v. Deputy CIT in I.T.A. Nos. 1087, 1088, 1089 and 1090 (Cal) of 1992, dated November 3, 1995. None appeared for the assessee. Heard learned counsel for the Revenue. Learned counsel....