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TMI Blog2019 (2) TMI 176X X X X Extracts X X X X X X X X Extracts X X X X ..... xed assets by Note 1 of the DIPP circular had been complied with also affirmed by ITAT - Held that:- The Revenue highlights the report of the Auditor and submits that since this was the material on record, which the AO gave importance to, CIT(A) as well as ITAT were in error in choosing to ignore it. This Court is of the opinion that no substantial question of law arises, as it is far too well set ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 260A of the Income Tax Act, 1961, is that the lower Appellate Authorities fell into error in holding that the respondent/assessee was entitled for the given Assessment Year [2005-2006], to the benefit under Section 80IB. 2. The assessee company is a private company, engaged in manufacture and trade of electronic and electrical equipments and goods. It filed its return of income on 31.10.2005 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e CIT(A). 3. The Revenue highlights the report of the Auditor and submits that since this was the material on record, which the AO gave importance to, CIT(A) as well as ITAT were in error in choosing to ignore it. This Court is of the opinion that no substantial question of law arises, as it is far too well settled that the duty of the Assessing Officer is to apply the law in the given facts re ..... X X X X Extracts X X X X X X X X Extracts X X X X
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