2007 (3) TMI 827

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....Saubhagya Aggarwal and, Ms. Mahua C. Kalra, Advocates. ORDER Admit. The Revenue has raised two issues in this appeal. In so far as the first issue is concerned, it is common ground that a substantial question of law does arise. Therefore, we frame the following substantial question of law:- ?Whether the Income Tax Appellate Tribunal was correct in law in holding that only the net discountin....