Direction given by the BIFR is binding on Assessing Officer

IN THE ITAT PUNE BENCH ‘A’ Kirloskar Oil Engines Ltd. V/s. Deputy Commissioner of Income-tax IT APPEAL NOS. 176 & 181 (PN.) OF 2004 [ASSESSMENT YEAR 1999-2000] JUNE 27, 2012 ORDER R.K. Panda, Accountant Member These are cross appeals and are directed against the order dated 24-11-2003 of the CIT(A)-III, Pune relating to Assessment Year 1999-2000. For the sake of convenience, these were heard together and are being disposed of by this common order. ITA No. 181/PN/2004 (By Assessee) : 2. Ground of appeal No. 1 by the assessee reads as under : 1. Disallowance out ...