2011 (4) TMI 1292 - HC - Income Tax

Summary

The High Court of Bombay disposed of the appeal regarding the eligibility of an Assessee Company for deduction under Section 80IB of the Income Tax Act. The Court held that the first question raised by the revenue was not entertainable based on a previous judgment and the second question was not entertained as the matter was remanded back to the Assessing Officer by the Income Tax Appellate Tribunal. No costs were awarded.