(1.) This is an appeal preferred by the Revenue under section 260A of the Income-tax Act, 1961 (hereinafter referred to as "the Act"), against the order dated March 18, 2010, passed by the learned Income-tax Appellate Tribunal, Guwahati Bench, Guwahati, in I.T.A. No. 166 (Gau) of 2007. The appeal has been heard on the following substantial questions of law:
(2.) Since both these questions are closely interwoven, both these questions are being discussed and decided together,
(3.) The material facts and various stages, which have given rise to the present appeal, may, in brief, be set out as under: