2004 (3) TMI 754

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... r by this Court:- 1. Whether on the facts and in the circumstances of the case, the Income- tax Appellate Tribunal was right in law in holding that the deduction under section 80HH of the I.T. Act would be available out of the income of the assessee as computed under the I.T. Act and not out of profits and gains of the Industrial Undertaking? 2. Whether on the facts and in the circumstances .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ssee submits that in view of amendment in the provisions of section 80AB of the Act, question No. 2 can be answered against the assessee and in view of answer to question No. 2, question Nos. 1 and 3 are of academic nature. Therefore, when question No. 2 is answered against the assessee, he cannot get any result of answer to question Nos. 1 and 3. 4. Per contra, Shri Singhi learned counsel for .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X