2014 (7) TMI 1361

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..... R JUDGMENT (Per the Hon'ble the Chief Justice Sri Kalyan Jyoti Sengupta) This appeal is sought to be preferred and admitted against the judgment in I.T.A. No.166/Hyd/2011, dt.6.11.2013, in relation to assessment year 2006-2008, on the following suggested question of law: "In the facts and circumstances of the case, whether the Tribunal (ITAT) is correct in law in upholding the findings of th .....

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..... he issue, including an unreported one of High Court of Jharkhand, in Arun Kumar Agarwal (HUF) & Others, dt.13.7.2012 in Tax Appeal No.4 of 2011, and also of Madras High Court in the case of C.I.T. v. Gobi Textiles Ltd. [294 ITR 663] wherein it has been stated the legal position as quoted by us above. Here, on fact, the learned Tribunal found the assessee has discharged initial burden lies on it. .....

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