AMTEK AUTO LTD Vs. COMMISSIONER OF INCOME TAX

JUDGEMENT

(1.) This order will dispose of I. T. A. No. 589 of 2006 (Amtek Auto Ltd. v. CIT) and I. T. A. No. 588 of 2006 (Amtek Auto Ltd. v. CIT) as it has been stated that both the appeals involve a similar question.

(2.) These appeals have been preferred by the assessee under section 260A of the Income-tax Act, 1961 (for short, ''the Act''), against the order dated June 9, 2006, of the Income-tax Appellate Tribunal, Delhi Bench ''D'', New Delhi, in I. T. A. No. 5519/5520/Del of 2003 for the assessment years 2000-01 and 2001-02 raising the following substantial questions of law :

(3.) The learned counsel for the parties state that the matter is covered against the assessee by the judgment of the Supreme Court in Joint CIT v. Rolta India Ltd. Civil Appeal No. 135 of 2011 decided on January 7, 2011, which has also been followed by this court in I. T. A. Nos. 176 to 181 of 2003 titled CIT v. Steel Steips, decided on March 4, 2011.