COMMISSIONER INCOME TAX Vs. SIDH NATH GOEL

JUDGEMENT

(1.) WE have heard Shri Dhananjai Awasthi, learned counsel appearing for the Department. Shri Ashish Bansal appears for the respondent -assessee. This income -tax appeal filed under section 260A of the Income -tax Act, 1961, arises from an order of the Income -tax Appellate Tribunal, Lucknow Bench "B", Lucknow, dated November 7, 2008, for the assessment year 1992 -93.

(2.) THE appeal has been preferred by the Department on substantial question of law as follows:

(3.) THE Commissioner of Income -tax (Appeals) upheld the order on the reasoning given as follows: