2011 (7) TMI 186

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..... d. Admit.   2. Heard finally by consent.   3. Shri Rivankar, learned Counsel for the appellant submitted that the Tribunal has not properly considered the question of initial assessment year as defined under Section 80IB sub-section 14(c) of the Income Tax Act and as defined in that section the Tribunal has failed to appreciate that the term "begins to manufacture or produce articles o .....

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..... assessee of using that products in the machine amounts to manufacture and whether the relevant year can be considered to be initial Assessment Year properly. 4. In this view of the matter, we set aside the order of the Tribunal and remand the matter back to the Tribunal for fresh consideration in accordance with law. By way of interim protection, we direct that no coercive action shall be taken a .....

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