HIGHTENSION SWITCHGEARS PRIVATE Vs. COMMISSIONER OF INCOME TAX

JUDGEMENT

(1.) The appeal is directed against a judgment and order dated 19th March, 2010 passed by the Income Tax Appellate Tribunal 'C' Bench, Kolkata in ITA No. 2053/Kol/2009 pertaining to the assessment year 2006 -07. The assessee has come up in appeal. The assessee is aggrieved by the following finding of the learned Tribunal :

(2.) The reasons which weighed with the learned Tribunal in arriving at the aforesaid conclusion are as follows :

(3.) Although a number of questions were formulated on 24th December, 2010, there is consensus between the learned Advocates appearing before us that the substantial question is question no. 1 which is as follows :