2008 (8) TMI 120

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....eferred 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 of the case, the learned Income Tax Ap....

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....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 question has been decided in favour of the as....