9911796707
TMI Blog2011 (3) TMI 1020X X X X Extracts X X X X X X X X Extracts X X X X ..... he order of the assessing officer was allowed by the Commissioner of Income Tax (Appeals) - The Revenue, aggrieved by the order of the CIT(A) preferred appeal before the Tribunal - The Tribunal upheld the order of the CIT(A) - The appeal of the Revenue was, thus, dismissed. Held that: the matter is concluded in favour of the Revenue by Court in Income Tax Appeal No. 31 of 2002 (Commissioner of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Income Tax Appeal No. 91 of 2008. This appeal under Section 260A of the Income-Tax Act, 1961 (for short the Act ) has been filed by the Revenue against the order dated 11.7.2005 and the corrigendum issued on 8.12.2005, by the Income Tax Appellate Tribunal Chandigarh Bench B , Chandigarh (in short the Tribunal ) in ITA No. 231/CHANDI/2002, relating to the assessment year 1994-95. The appeal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... essary for adjudication as narrated in the appeal, are that the respondent-assessee is a firm and it derives its income from manufacturing and export of bi-cycle parts. The assessee filed its return for the assessment year 1994-95 on 31.10.1994 declaring income as NIL. The assessee in the return filed, claimed deduction under Section 80HHC of the Act, amounting to Rs. 33,82,230/-. The assessing of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ss. The appeal carried by the assessee challenging the order of the assessing officer was allowed by the Commissioner of Income Tax (Appeals), [hereinafter referred to as CIT(A) ], vide order dated 11.1.2002 and the assessing officer was directed to allow deduction under Section 80HHC to the assessee without including the sale of scrap in the total turnover. The Revenue, aggrieved by the orde ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
