2008 (7) TMI 421

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..... s proposed the following question : "Whether or not tribunal would have relied upon the certificate issued by the designated authority dated 16-6-99, which was subsequently cancelled by the same designated authority by order dated 28-4-2000 on the ground of submitting false particulars in their declaration?" 2. Heard the learned advocate for the appellant. It is submitted that the certificate is .....

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..... er hearing the parties, came to the conclusion that redemption option was not exercised within the period granted and hence, there was no reason for non-return of the Bank Guarantee and the bond executed. It is this order which has been confirmed by the Tribunal. 4. Thus, it is apparent that the factum of the assessee having opted under KVSS and whether the said certificate issued under the said .....

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..... rned counsel, the certificate was brought to the notice of the Tribunal the appellant-revenue may take appropriate steps, if so deemed fit, to move the Tribunal in this regard in accordance with law. However, that fact would not have any material bearing on the controversy at hand. 6. In the aforesaid set of facts and circumstances of the case, no question of law, as proposed or otherwise, much l .....

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