2019 (4) TMI 1230

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....1. This Appeal is taken up for final disposal at the admission stage with the consent of the learned Advocate for the parties. 2. The Appeal is filed by the Revenue to challenge the judgment of the Income Tax Appellate Tribunal ("the Tribunal" for short) dated 17th July, 2015 raising following question for our consideration: "Whether on the facts and circumstances of the case and in law, the H....

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....rom such business at a profit rate of 1%. This has clearly resulted into erroneous finding being arrived at by the Tribunal. Being an exercise predominantly in the nature of fact finding, we would therefore request the Tribunal to do it afresh after hearing both sides. For such purpose, we restore the Appeal before the Tribunal. We have not expressed any opinion on the merits of this issue and the....