2011 (2) TMI 269

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..... Dy. Commissioner of Income Tax, Mumbai [2004 (3) TMI 9 - SUPREME Court] and Synco Industries Ltd. v. Assessing Officer, Income Tax, Mumbai[2008 (3) TMI 13 - Supreme court] - Hence, the view taken by the Tribunal has to be upheld and the questions raised on behalf of the assessee have to be answered against it - Accordingly, the appeal is dismissed. - I.T.A. No.180 of 2007 - - - Dated:- 10-2-2 .....

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..... rbed depreciation have priority to be set off as compared to the deduction under Section 80 HHC for the current year? (iii) Whether in the facts and circumstances of the case, a liberal construction should be put upon the language of the statute while interpreting the provision of Section 80 HHC? The assessee is an exporter and claimed deduction under Section 80 HHC of the Act. The Assess .....

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