BAJRANG GLASS EMPORIUM Vs. COMMISSIONER OF INCOME TAX

JUDGEMENT

(1.) The present appeal has been filed under section 260A of the Income-tax Act, 1961, hereinafter referred to as "the Act" against the order dated November 17, 1998, passed by the Income-tax Appellate Tribunal, Agra Bench, Camp at Delhi. The appeal has been admitted, vide order dated August 30, 2000, on the following substantial question of law:

(2.) Feeling aggrieved the appellant preferred an appeal before the Commissioner of Income-tax (Appeals), Agra, who, vide order dated December 30, 1991, partly allowed the appeal and reduced the amount of penalty to the minimum leviable. Feeling aggrieved the appellant preferred a further appeal before the Tribunal. The Tribunal, vide the impugned order has dismissed the appeal.

(3.) We have heard the learned counsel for the parties.