COMMISSIONER OF INCOME TAX Vs. TEK RAM

JUDGEMENT

(1.) THE Revenue has filed the present appeal against the order dated April 19, 2007, passed by the Income Tax Appellate Tribunal, Delhi Bench "H", New Delhi, in I.T.A. No. 328/Delhi of 2006 in the case of the respondent/assessee for the assessment year 1998 -99 raising the following substantial questions of law:

(2.) THE brief facts giving rise to this appeal are as under:

(3.) THE appeal filed by the assessee against the order of the penalty proceedings was accepted by the Commissioner of Income Tax (Appeals), Faridabad, vide his order dated November 25, 2005.