(1.) The subject matter of challenge is a judgment and order dated September 7, 2007, passed by the Income Tax Appellate Tribunal, D -Bench, Kolkata, pertaining to assessment year 2003 -04, in appeal being ITA No.1420/Kol/2007, by which the Tribunal partly allowed the appeal preferred by the assessee.
(2.) It may be mentioned that in respect of the self -same assessment year challenging the order of the CIT(A), the revenue has also preferred an appeal, which was registered as ITA No.15 of 2008 which we disposed of today by a separate judgment.
(3.) The questions formulated at the time of admission of the appeal are as follows: