2017 (7) TMI 735

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..... ad erred in applying the decision of the Delhi High Court in refusing the above deductions inasmuch as after the said decision the provisions of Section 80-I and 80-IA of the Act have undergone amendment which aspect of the matter was not considered by the authorities below. The Tribunal in granting the deductions of Section 80-I and 80-IA of the Act held that all the necessary conditions for a .....

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..... ment year 1994-95. The assessee was carrying on business of cold-storage and was also dealing in skimmed milk. It claimed deductions under Section 80-I and 80-IA of the of the Income Tax Act, 1961 (hereinafter referred to as the Act). The said deductions were not allowed by the Assessing Authority as well as the Commissioner of Income Tax (Appeals). However, the Tribunal by the impugned order h .....

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..... ons as claimed by the assessee. In view of the aforesaid finding of the Tribunal, we find that there is no error or illegality in the order of the Tribunal and the assessee is entitle to deductions under Section 80-I and 80-IA of the Act. No other point was actually raised and argued before the authorities below and arises for consideration in this appeal. The appeal has no merit and is d .....

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