2006 (12) TMI 76

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..... eduction u/s 32AB to the assessee on the ground that they neither engaged in the manufacturing activity and nor fulfill the prescribed requirement
JUDGMENT The judgment of the court was delivered by MARKANDEY KATJU, J. - 1 Leave granted. 2. This appeal has been filed against the impugned judgment dated July 23, 2004 of the Punjab and Haryana High Court in ITA Nos. 8-9 of 2003. 3. Heard lea .....

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..... as not based on facts on record. The deduction under Section 32AB was not automatic and was subject to various conditions laid down in that provision. Whether the assessee fulfilled those conditions for claiming the deduction or not required examination into facts which were not on record. Even before the Tribunal the assessee had not placed any material to show how the assessee is entitled to suc .....

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