2009 (11) TMI 39

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....he revenue has preferred this appeal under Section 260A of the Income Tax Act, 1961 (for short, "the Act") against the order dated 25.5.2007 of Income Tax Appellate Tribunal, Chandigarh Bench 'B' in I.T.A. No.734/Chandi/2003 for the assessment year 1997-98, proposing to raise following substantial question of law:- "Whether in the facts & circumstances of the case, the Ld. ITAT was right in law ....

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....x return for the assessment year 1994-95, the said property was shown as self-occupied, this aspect had been duly explained by the assessee and statement in the said return was shown to be incorrect. The CIT(A) observed as under:- ".....The assessing officer has taken the shelter of the proviso to section 54F and the fact that the assessee has shown in the A.Y. 1994-95 the house at Kasauli in his....