(1.) THE present IT appeal filed under s. 260A of the IT Act, 1961 (hereinafter referred to as the 'Act') has been admitted
(2.) BRIEFLY stated the facts giving rise to the present appeal are as follows :
(3.) WE have heard Sri D.D. Chopra, learned senior standing counsel for the Revenue and Sri Neerav Chitravanshi, learned counsel appearing for the respondent assessee.