2004 (7) TMI 89

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..... act in the case of the same assessee. I.T.A. No. 8 of 2003, is for the assessment year 1989-90, whereas I.T.A. No. 9 of 2003, is in respect of the assessment year 1990-91. Since the arguments were advanced in I.T.A. No. 8 of 2003, the facts are being taken from the same. The assessee has filed this appeal under section 260A of the Income-tax Act, 1961 (for short "the Act") against the order of .....

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..... B by way of raising an additional ground of appeal. This ground of appeal was disallowed on the ground that the matter stands covered by the judgment of the Supreme Court in CIT v. N.C. Budharaja and Co. [1993] 204 ITR 412. Counsel for the appellant has not been able to cite any substantial judgment of the Supreme Court taking a contrary view. Since the matter is covered by the judgment of the .....

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