(vii) Aggrieved, the assessee preferred further appeals with the Income Tax Appellate Tribunal (in short, ‘The Tribunal’), which were numbered as Tax Appeal No.969/Mds/2002, 970/Mds 2002 and 971/Mds 2002 for the Assessment years 1996-1997, 1997-1998 and 1998-1999 respectively. Revenue, in turn also filed two appeals i.e., ITA No: 1366/Mds/2002 and 1367/Mds/2002. Since, the 3 appeals filed by the Assessee were only allowed in part and one appeal i.e., ITA No.1367/Mds/2002, filed by the Revenue was allowed by the Tribunal on 24.02.2004, the Assessee filed appeal before this Court against those four appeals, in TC (A) No.761 to 764 of 2001. The said tax appeal cases filed, under Section 260A of the IT Act against the order of the Tribunal, dated 24.02.2004, was disposed by this Court on 20.02.2012. On the basis of the order of this Court, the Revenue finally determined the income for all the three assessment years at Rs.18,87,910/- and the income tax payable was determined at Rs.6,06,090/-. The interest under Section 234A was determined at Rs.3,50,070/- and the interest under Section 234B was determined at Rs.5,29,100/- in all totalling to Rs.14,85,260/-, since the Assessee, had paid the final tax together with interest under various provisions of the IT Act, there were no demands outstanding as on date.
