MOHAN STEEL LIMITED Vs. C I T

JUDGEMENT

(1.) Present appeal filed under Section 260-A of the Income Tax Act, hereinafter referred to as the Act, against the order dated 25th February, 2004 passed by the Income Tax Appellate Tribunal, New Delhi has been admitted on the following substantial questions of law:

(2.) The appellant filed an application under section 260A(7) of the Act read with Order XLI Rule 27 of the Civil Procedure Code, 1908 seeking to bring on record the report of the Joint Plant Committee dated 23rd June, 2000 as an additional evidence. The said application was allowed vide order dated 15th May, 2007.

(3.) Briefly stated the facts giving rise to the present appeal are as follows: