BALARAM SAHA Vs. COMMISSIONER OF INCOME TAX

JUDGEMENT

(1.) This appeal under Section 260A of the Income-tax Act, 1961 is at the instance of an Assesses and is directed against an order dated July 21, 2003 passed by the Income-tax Appellate Tribunal, "D" Bench, Kolkata, in Income-tax Appeal No. 132/Calcutta/2001 relating to the Assessment Year 1997-98 thereby confirming the order passed by the Commissioner of Income-tax (Appeals).

(2.) Being dissatisfied, the Assesses has come up with the present appeal. A Division Bench of this Court, at the time of admission of this appeal, formulated the following substantial questions of law:

(3.) The facts giving rise to filing of this appeal may be summed up thus: