2008 (11) TMI 40

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....R DURREZ AHMED HON'BLE MR JUSTICE RAJIV SHAKDHER BADAR DURREZ AHMED, J (ORAL) 1.    This appeal pertains to the assessment year 2003-04. It is directed against the order dated 25.4.2008 passed by the Income Tax Appellate Tribunal.  The Assessing Officer had made an addition of Rs 26,72,717/- on account of interest allegedly due on delay in payment of the installment of....

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....ctual position and the comments of the appellant, the Commissioner of Income Tax (Appeals) did not agree with the Assessing Officer that the letter dated 1.8.2002 was an afterthought. He also observed that an agreement is enforceable in law only because the parties to the agreement choose to make their mutual rights enforceable. He also noted that if the parties in their wisdom amended some terms ....