2006 (2) TMI 153

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....-This is an appeal filed by the Revenue (Commissioner of Income-tax) under section 260A of the Act against an order dated April 9, 1999, passed by the Tribunal in I. T. A. No. 562/Ind/1994. The appeal was admitted for final hearing on March 23, 2000, by a Bench consisting of hon'ble R. D. Vyas and hon'ble Shambhoo Singh, JJ., without formulating the substantial question of law as required under....

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....k, for the appellant and, Shri S. C. Bagadia, learned senior counsel with Shri D. K. Chhabra, for the respondent. Having heard learned counsel for the parties and having perused the record of the case, we are inclined to allow the appeal and remand the case to the Tribunal by answering question No. 2 in favour of the appellant. In our opinion on the admitted facts emerging from the record of....