Khs Machinery Pvt Ltd vs We Have Heard Mr. M. R. Bhatt

(Per : HONOURABLE MR.JUSTICE V. M. SAHAI) 1.0 We have heard Mr. M. R. Bhatt, learned senior standing counsel for the Revenue.

2.0 Admit.

3.0 We formulate the following substantial question of law.

"Whether the Appellate Tribunal has substantially erred in law and on facts in revising the order passed by the CIT(A) and thereby allowing royalty payment of Rs.74,63,975/­?"

4.0 Issue Notice to the respondent. Paper­book be ready within three months. Office to tag Tax Appeal No.1707 of 2009 with the present appeal.

[V. M. SAHAI, J.] [N. V. ANJARIA, J.] Amit