2020 (6) TMI 512

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....ilip, Adv. For K V Aravind, Adv. For the Respondent : Sri T. Suryanarayana, Adv. For Sri Balram R Rao, Adv. JUDGMENT Mr.Dilip, learned counsel for Mr.K.V.Aravind, learned counsel for the revenue. Mr.T.Suryanarayana, learned counsel for Mr.Balaram R.Rao, learned counsel for the respondent. 2. This appeal under Section 260-A of the Income Tax Act, 1961 (hereinafter referred to as &#39....

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....laimed is capital nature contrary to the law laid down by the Apex Court in the case of Tuticorin Alkali Chemicals Vs. CIT 227 ITR 172? 3. When the matter was taken up today, learned counsel for the revenue fairly submitted that he does not intend to press the first substantial question of law as the same does not arise in the fact situation of the case. Further, it is fairly submitted that the....