( 1 ) THIS is an appeal under Section 260a of the Income-tax Act, 1961 (in short, the act ) filed by assessee. The dispute relates to the assessment year 1992-93. Challenge is to the order passed by the Income-tax Appellate Tribunal, Delhi Bench c , New Delhi (in short the Tribunal )

( 2 ) FACTUAL position, as highlighted by assessee, which needs to be noted is essentially as follows. Assessee is a private limited company, which derived income at the relevant point of time from exhibition of shorts/slides, hiring of news reels, rental of shops, show rooms in its film exhibition complex, rendering of various management services to a cold storage concern. Assessee also received an amount on account of disputed claims and dues in respect of its erstwhile business of civil construction works carried under several contracts. The aforesaid contracts were with M/s. Hindustan Steelworks Construction Co. Ltd. (in short, hscl ) These related to the construction of steel plant complex at Bokaro during the period from 1967 to 1984. In respect of these contracts, disputes arose between assessee and HSCL in the matter of settlement of claims for payment claimed to be due to it. T