LAWS(P&H)-2007-7-154

ARISUDANA SPINNING MILLS LTD. Vs. C.I.T.

Decided On July 31, 2007
Arisudana Spinning Mills Ltd. Appellant
V/S
C.I.T. Respondents

JUDGEMENT

(1.) THIS order shall dispose of I.T.A. Nos. 278 and 279 of 2007 as similar facts are involved. However, the facts are being referred from I.T.A. No. 278 of 2007.

(2.) THE assessee has approached this Court by filing the instant appeals under Section 260 -A of the Income Tax Act, 1961 (for brevity, 'the Act'), challenging a common order dated 31.10.2006 passed by the Income Tax Appellate Tribunal, Chandigarh Bench -A (for brevity, 'the Tribunal'), in ITA No. 565/Chandi/2001, in respect of the assessment year 1998 -99 and ITA No. 639/Chandi/2004, in respect of the assessment year 2000 -01.

(3.) AGAINST the order of the Assessing Officer, dated 29.1.2001, the assessee preferred an appeal before the CIT(A), which was allowed, vide order dated 12.3.2001 (A -3), by observing as under: -