Commissioner Of Income Tax-Ii v. M/S Punjab State Sports Council

IN THE HIGH COURT OF PUNJAB AND HARYANA ATCHANDIGARH. I.T.A. No.289 of 2010 & other connected cases beingITA Nos.290 and 291 of 2010 Date of decision: 2.8.2010 Commissioner of Income Tax-II Vs. M/s Punjab State Sports Council. -----Appellant. -----Respondent CORAM:- HON'BLE MR. JUSTICE ADARSH KUMAR GOELHON'BLE MR. JUSTICE AJAY KUMAR MITTAL Present:-Ms. Urvashi Dhugga, Standing counselfor the Revenue. --- ADARSH KUMAR GOEL, J. 1. This order will dispose of I.T.A. Nos.289 to 291 of2010, as it is stated that identical questions are involved in all theappeals. 2. I.T.A. No.289 of 2010 has been preferred by theRevenue under Section 260-A of the Income Tax Act, 1961against the order dated 24.6.2009 in I.T.A. No.410/Chandi/2009passed by the Income Tax Appellate Tribunal, ChandigarhBench-B, proposing to raise following substantial question of law:- “Whether in the facts and circumstances of the caseand in law the ITAT was right in holding that theinterest received has to be considered as income for the purpose of section 11, 12 and 13 of the IncomeTax Act, 1961.” 3. Learned counsel for the revenue fairly states that thematter is covered against the revenue by order of this Court dated31.7.2009 in I.T.A. No.666 of 2008 (Commissioner of IncomeTax, Chandigarh-II v. M/s Punjab Energy DevelopmentAgency). 4. In view of above, these appeals are dismissed. 5. A photocopy of this order be placed on the files ofeach connected case (ADARSH KUMAR GOEL) JUDGE August 02, 2010MITTAL )ashwani ( AJAY KUMAR JUDGE