CIT GORAKHPUR Vs. BALDEV PLAZA, GOLGHA

JUDGEMENT

(1.) WE have heard Shri Dhananjai Awasthi appearing for the Income Tax department. Shri S.K. Garg, Shri Ashish Bansal and Shri Krishna Agarwal appear for the respondent assessee.

(2.) THE Income Tax Appeals referred to as above arise out of a judgment and order dated 30.6.2004 passed by the Income Tax Appellate Tribunal for the assessment years 1990 91 to 1998 99. The Income Tax Appeal No.80 of 2005 was admitted on the questions of law as follows:

(3.) BRIEF facts giving rise to these Income Tax Appeals are that the assessee AOP had been constructing a multi storeyed commercial complex known as "Baldeva Plaza" in which substantial investment was made. The assessee did not file returns for the assessment years 1990 91 to 1996 97.