2015 (8) TMI 55

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..... . While admitting Tax Appeal on 28.09.2011, the following substantial question of law was framed. "(i) Whether on the facts and circumstances of the case and in law was Appellate Tribunal right in holding that the Gains out of cancellation of contracts Rs. 25,91,106/- were income from export business and eligible for deduction u/s. 80HHC despite the fact that the same did not involve and export o .....

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..... n the case of CIT v. Soorajmull Nagarmull reported in 129 ITR 169 (Cal.). The said decision was also followed in the order dated 28.3.2013 in the case of Commissioner of Income Tax-II vs. Panchmahal Steel Ltd. passed in Tax Appeal No.131 of 2013. Thus, the question for our consideration in this appeal is squarely covered by the aforesaid decision. 4. In the aforesaid premises, the order passed b .....

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