COMMISSIONER OF INCOME TAX Vs. RANA POLYCOT LTD

JUDGEMENT

(1.) This appeal has been preferred by the Revenue under section 260A of the Income-tax Act 1961 (in short "the Act"), against the order dated March 31, 2005, passed by the Income-tax Appellate Tribunal, Chandigarh Bench "B" (hereinafter referred to as "the Tribunal") in I.T.A. No. 867/Chandi/2000, for the assessment year 1997-98, claiming the following substantial questions of law :

(2.) We have heard learned counsel for the parties.

(3.) At the outset, learned counsel for the Revenue conceded that in so far as question (b) is concerned, no argument was raised before the Tribunal and, therefore, this question does not arise for consideration in this appeal. Accordingly, question (b) is declined.