RAJENDRA KUMAR DABRIWALA Vs. COMMISSIONER OF INCOME TAX

JUDGEMENT

(1.) This appeal under Section 260A of the Income-tax Act, 1961 ("Act") is at the instance of the assessee and is directed against an order dated May 29, 2003 passed by the Income-tax Appellate Tribunal, "C" Bench, Kolkata, in ITA No.459 (Kol) of 2002 for the Assessment Year 1998-99 by which the Tribunal allowed the appeal preferred by the Revenue and set aside the order of the CIT (Appeals). Being dissatisfied, the executors to the estate of the assessee have come up with the present appeal.

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

(3.) A Division Bench of this Court at the time of admission of this appeal formulated the following substantial questions of law for determination: