COMMISSIONER OF INCOME TAX Vs. VIJAY KUMAR ADUKIA

JUDGEMENT

(1.) IN all these appeals, since common question of law and facts are involved, they have been heard together and are disposed of by this common order.

(2.) THESE appeals have been filed under Section 260A of the Income Tax Act 1961 challenging the order passed by the Income Tax Appellate Tribunal, Patna Bench, Patna whereby the tribunal dismissed the appeal filed by the Revenue and further allowed cross objection filed by the respondent -assessee.

(3.) AGGRIEVED by the said assessment, respondent -assessee preferred appeal before the Commissioner of Income Tax (Appeal) Ranchi which was registered as Tax Appeal No. 32, 33, 34, 35, 36 of 2001. The Commissioner of Income Tax (Appeal) (in short CIT Appeal) after hearing the parties partly allowed the appeals and held that the matter needs reconsideration by the Assessing Authority. The appellant -Revenue, aggrieved by the said order of CIT (Appeal), moved the Income Tax Appellate Tribunal by filing appeals, which were registered as Tax Appeal nos. 165,166,167 and 169 of 2001. The Appellate Tribunal after hearing the parties dismissed all the appeals and also allowed the cross objection filed by the assessee against the finding recorded by the CIT(Appeal) on some issues.