2019 (1) TMI 1363

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....; P.C.: 1. This Appeal under Section 260A of the Income Tax Act, 1961 (the Act), challenges the order dated 30th September, 2015 passed by the Income Tax Appellate Tribunal (the Tribunal). This Appeal relates to Assessment Year 2010-11. 2. The Revenue urges the following question of law for our consideration: "Whether on the facts and in the circumstance of the case and in law the Trib....

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.... CIT(A) on facts found that the amount has been crystallized as there was no counterclaim filed by the parties concerned and the Arbitration Award has also been passed. Thus, allowed the appeal of the respondent to the extent of Rs. 12.58 crores as bad debts written off, as the balance had been paid by the parties.   5. Being aggrieved with the order of the CIT (A) the revenue filed an app....