2011 (8) TMI 1305

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..... ssee has preferred this appeal calling in question the legality of the judgment of the Tribunal dated 31st May 2011 raising following question for our consideration : Whether on facts the Tribunal is right in law in interpreting section 80HHC of the Income-tax Act, 1961 read along with section 28(iiia), (iiib), (iiic) and Explanation (bba) of section 80HHC for confirming the disallowance of & .....

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..... ase of CIT v. Kalpataru Colours and Chemicals, (2010) 328 ITR 451 (Bom.). The assessee is therefore in appeal before us. In a detailed judgment passed by us today in Tax Appeal No.978 of 2008 and other connected appeals, we have taken the same view as that of the Bombay High Court in Kalpataru Colours and Chemicals (supra), wherein it has been held that not only difference in sale consideration .....

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