2013 (6) TMI 765

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..... HON'BLE THE CHIEF JUSTICE SRI KALYAN JYOTI SENGUPTA) We have heard the learned counsel for the appellant and gone through the impugned judgment and order. The appeal is sought to be admitted on the following suggested questions of law. i. In the facts and circumstances of the case, whether the Hon'ble Tribunal (ITAT) is correct in law in upholding the orders of Commissioner of Income Tax (Appe .....

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..... er the Hon'ble Tribunal is correct in law in holding that the amounts disallowed by the Assessing Officer are to be considered as business income for the purpose of computation of deduction under Section 10A of the Act?" It appears, the learned Tribunal has not only relied on the decision rendered in the case of Merilyn Shipping & Transports (Visakhapatnam) in I.T.A. No.477/Viz/2008, but also on .....

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