2003 (4) TMI 504 - AT - Income Tax

Summary

The Appellate Tribunal ITAT Mumbai dismissed the Revenue's appeal against the CIT(A) order, which directed not to reduce Rs.6,24,354 from business profits for deduction under section 80HHC. The Tribunal held that the Assessing Officer did not ascertain the nature of the receipt before passing the order under section 143(1)(a), supporting the assessee's contention. The appeal of the Revenue was dismissed.