ICI INDIA LIMITED Vs. COMMISSIONER OF INCOME TAX

JUDGEMENT

(1.) This appeal under Section 260A of the Income-tax Act, 1961 ("Act") is at the instance of an assessee and is directed against an order dated 18th November, 2002 passed by the Income-tax Appellate Tribunal, "C" Bench, Kolkata, in ITA No.2180 (Cal) of 1995 and ITA No.1806 (Cal) of 1997 relating to the Assessment Year 1989-90 by which the Tribunal dismissed the appeals preferred by the assessee.

(2.) Being dissatisfied, the assessee has come up with the present appeal. The facts giving rise to filing of this appeal may be summed up thus:

(3.) Dr. Pal, the learned Senior Advocate appearing on behalf of the assessee, however, restricted his submission to only the grounds Nos.1, 2 and 4 indicated above, as according to him, those three questions are the real disputes involved in this appeal and the other points formulated are really the repetition of the selfsame points.