2008 (7) TMI 421

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....The appellant-revenue has proposed the following question : "Whether or not tribunal would have relied upon the certificate issued by the designated authority dated 16-6-99, which was subsequently cancelled by the same designated authority by order dated 28-4-2000 on the ground of submitting false particulars in their declaration?" 2. Heard the learned advocate for the appellant. It is submi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... the facts of the case and after hearing the parties, came to the conclusion that redemption option was not exercised within the period granted and hence, there was no reason for non-return of the Bank Guarantee and the bond executed. It is this order which has been confirmed by the Tribunal. 4. Thus, it is apparent that the factum of the assessee having opted under KVSS and whether the said ce....