9911796707
TMI Blog2012 (7) TMI 964X X X X Extracts X X X X X X X X Extracts X X X X ..... order of the CIT(A), Jammu, dated 28.01.2012 for the assessment year 2008-09 on the following grounds: "1 On the facts and circumstances whether the Ld. CIT(A) was right in allowing relief on account of deduction u/s 80IB on Central Excise Duty refund by relying upon orders of Hon'ble High Court if J&K, Jammu which has been delivered not on merits of the issue but holding the receipt to be a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d circumstances and in law in not considering the decision in the case of Seaham Harbour Dock Company which lays down two important tests for determining whether receipts is a trading receipt or a capital receipt. 4. On the facts and circumstances whether the Ld. CIT(A) was right in facts and circumstances and in law in not appreciating and applied the purpose test as laid down by the judgments ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ilable with us. We are of the view that as regards the issue involved in ground Nos. 1 to 4 relating to deduction under section 80IB on Excise Duty Refund, it is an admitted fact that the issue in dispute has already been adjudicated and decided in favour of the assessee by the decision of the Hon'ble Jurisdictional High Court of Jammu & Kashmir in the case of Shree Balaji Alloys v. CIT and An ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2009 for the assessment year 2005-06 dated 11.06.2010 in favour of the assessee and against the Revenue. 3.1. Respectfully following the decision of I.T.A.T Amritsar Bench, it is held that deduction u/s 80IB of the I.T. Act is allowable on the amount of enhancement of income in view of the disallowance made on account of delayed payment in respect of EPF. Hence, this ground of the revenue is dism ..... X X X X Extracts X X X X X X X X Extracts X X X X
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