(1.) THESE are appeals preferred by the Revenue against the judgment dated 25. 01. 2008 passed by the Income Tax Appellate Tribunal (hereinafter referred to as the 'tribunal') in ITA No. 626/del/2004 and ITA No. 16/del/2004 filed by the Appellant/revenue and Respondent/assessee respectively pertaining to assessment year 2000-01.
(2.) THE Revenue had filed an appeal before the Tribunal against the order of the Commissioner of Income Tax (Appeals) [hereinafter referred to as the 'cit (A)'] allowing deduction on account of provision made by the assessee in the sum of Rs. 47,15,782/- in respect of amounts payable to its employees on account of "long Service Award".
(3.) AS stated above, the Revenue being aggrieved by the impugned judgment, has preferred these appeals on the aforementioned issues.