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1 - 10 of 26 (0.31 seconds)Section 147 in The Income Tax Act, 1961 [Entire Act]
National Thermal Power Co. Ltd. vs Commissioner Of Income Tax on 4 December, 1996
51. During the course of hearing, the ld. AR did not press for the admission of
additional ground on deduction in respect of education cess. In support of the
admission of the additional grounds on ESOP, the ld AR submitted that it involved
only adjudication of question of law and no fresh facts were required to be
examined. The ld DR did not raise any objection to the admission of additional
ground. Keeping into consideration the entire conspectus of the facts and
circumstances of the case and the additional ground raised before us we are
convinced that its adjudication does not require any fresh investigation of facts and
involves only a question of law. Respectfully following the judgement of the
Hon'ble Supreme Court in the case of National Thermal Power Company Ltd. Vs.
CIT [(1998) 229 ITR 383 (SC)] we admit this additional ground for disposal on
merits.