2020 (1) TMI 1362

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....ocate a/w Kavita Singh i/by Vishesh Srivastav ORDER P.C.: 1. Heard Mr. Singh, learned standing counsel, revenue for the appellant and Mr. Chatterjee, learned Senior counsel for the respondent. 2. This appeal under Section 260A of the Income Tax Act, 1961 ("the Act" for short) is preferred by the revenue against the order dated 31.8.2016 passed by the Income Tax Appellate Tribunal, Mumb....

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....398 ITR 584 (Bombay) wherein this Court had dismissed the appeal of the revenue on the same question of law. Learned standing counsel, revenue fairly submits that the present issue has been answered by this Court in the case of SKS Ispat & Power Ltd (supra). 6. Relevant portion of the decision in SKS Ispat & Power Ltd (supra) reads as under:- "5. We have considered the arguments canvas....