2015 (6) TMI 1044

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..... of the section 10A unit carrying on the business of manufacturing industrial sewing machine needles was not in the normal course of its business and that the abnormally high profit was due to extraordinary arrangement between the assessee and the German company entered into only with a view to boost the profits of the assessee and therefore allowing deduction of 20,53,26,910 ? - Tribunal held tha .....

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..... h the provisions of the Act, before making any deduction under the Chapter – against revenue, thus upholding the above order of the Tribunal for the assessment year 2004-05 - Decided against revenue
M. S. Sanklecha And N. M. Jamdar, JJ. For the Petitioner : S. V. Bharucha For the Respondent : F. V. Irani, Atul Jasani JUDGMENT 1. This appeal has been filed by the Revenue under section 260A o .....

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..... iew to boost the profits of the assessee and therefore allowing deduction of ₹ 20,53,26,910 ? (b) Whether on the facts and the circumstances of the case and in law the Tribunal was justified in holding that there was no material available with the Assessing Officer to estimate the profits of the sec tion 10A unit eligible for deduction invoking the provisions of section 80-IA(10) read with .....

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