2000 INSC 1177
                                SUPREME COURT OF INDIA

                                        Asst.Commr.of I.T.

                                                  Vs.

                                           VXL India Ltd.

                             (S.P.Bharucha and D.P.Mohapatra JJ.)

                                             08.11.2000

                                               ORDER

1. The appeal has been heard for some time. Counsel are now agreed that the
judgment and order under appeal should be set aside and that matter should now be
considered by the assessing authority.

2. Te appeal is allowed. The order under appeal is set aside. It is made clear that the
assessee shall be entitled to raise all available contentions before the assessing
authority authority and in proceedings thereafter.

3. No order as to costs.