2019 (1) TMI 2040

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.... P.C:­ These two Appeals under Section 260­A of the Income Tax Act, 1961 (the Act), challenge the order dated 20th February, 2015 passed by the Income Tax Appellate Tribunal (the Tribunal). The common impugned order dated 20th February, 2015 is in respect of Assessment Years 2005­06, 2006­07, 2007­08, 2008­09 and 2009­10. These two appeal relates to Assessment Yea....

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....uestion (b):­ (i) The impugned order of the Tribunal dismissed the Revenue's Appeal by following the decision of the Special Bench in ACT v/s. Clough Engineering Ltd., 130 ITD 137. (ii) Mr. Tejveer Singh, learned Counsel for the Revenue very fairly states that this issue stands concluded against the Revenue and in favour of the Respondent ­Assessee by the decision of this Court i....