LAWS(BOM)-2005-7-151

COMMISSIONER OF INCOME-TAX Vs. RAJNEESH FOUNDATION

Decided On July 26, 2005
COMMISSIONER OF INCOME-TAX Appellant
V/S
Rajneesh Foundation Respondents

JUDGEMENT

(1.) Being aggrieved by the dismissal of its appeal No. ITA 188.Pn.1995 by the order dt. 19th Oct., 2001, by the Tribunal, the petitioner has preferred the present appeal u/s. 260A of the IT Act.

(2.) Though the Revenue has sought to raise several questions of law, the appeal has been admitted only on the following substantial question of law :

(3.) Facts leading to this appeal may be briefly stated thus :