2004 (4) TMI 267

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..... (A), Ludhiana, has erred in confirming the addition of Rs. 2,00,000. 2.That without prejudice to the abovesaid ground of appeal, it may be stated that the deduction under s. 80HHC on the amount allegedly agreed upon has to be allowed as per the provisions of law. 3. That there cannot be any agreement against the provisions of law. 2. At the outset of the appellate proceedings, learned Aut .....

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..... sentative for the assessee referring to computation of deduction under s. 80HHC filed before the ITO at p. 5 of the paper book, submitted that while taking the total turnover of the assessee, this figure of sale of scrap is taken by the assessee at Rs. 2,37,204. Now, instead of the same, in view of this agreed addition of Rs. 2 lacs on account of sale of scrap outside the books of accounts, this a .....

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..... ed Departmental Representative for the Revenue did not oppose the above submissions made by the learned Authorized Representative for the assessee. 3.3 In this view of the matter, the AO is directed to recompute the deduction claimed by the assessee under s. 80HHC by taking the figure of sale of scrap at Rs. 4,37,204 against the earlier figure of Rs. 2,37,204 shown by the assessee in his comput .....

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