(Per : HONOURABLE MR.JUSTICE V. M. SAHAI) We have heard learned advocate learned advocate for the appellant.
Admit.We formulate the following substantial questions of law.
Whether on facts and in the circumstances of the case, the ITAT was right in law in holding that the provisions of S.68 of the act applies to an outstanding creditor?
Whether on facts and in the circumstances of the case, the ITAT was right in law in holding that M/s Amar projects Pvt. Ltd. Is a person covered u/s 40A (2) of the act ?
Issue notice to the respondents. Paper book be filed with in three months.
(V.
M. SAHAI,J.) (N.V.
ANJARIA,J.) deepak Top