2008 (8) TMI 120

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....Income Tax Act, 1961 (here-in-after referred to as the 'Act') directed against the order of Tribunal dated 22.08.2006 for the assessment year 1993-94 passed in ITA No. 649/Alld/1997; Dy. Commissioner of Income Tax Spl. I, Lucknow vs. Pradeshiya Industrial & Investment Corporation, Lucknow. In the appeal, the following questions have been raised. 1."Whether on the facts and in the circumstances ....

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....learned Senior Standing Counsel for the Income Tax Department i.e the appellant. The learned counsel for the appellant submitted that the similar question came up for consideration before this Court relating to the assessment year 1990-91 in Income Tax Reference No. 67 of 1997; The Commissioner of Income Tax vs. Pradeshiya Industrial and Investment Corporation (PICUP) U.P. Ltd., in which the quest....