9911796707
TMI Blog2008 (12) TMI 37X X X X Extracts X X X X X X X X Extracts X X X X ..... 80 HHC was also disallowed - view taken by the Tribunal is justified and it is in accordance with the view already taken by SC in CIT v. Sterling Foods. and judgment of this Court in Liberty India v. CIT - 721 of 2008 - - - Dated:- 22-12-2008 - ADARSH KUMAR GOEL and L.N. MITTAL JJ. Mr. Rajiv Sharma, Advocate for Mr. S.K. Mukhi, Advocate for the appellant. JUDGMENT 1. This appeal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lindly relying upon the judgment of this Hon'ble Court in the case of Liberty India and other judgments which are distinguishable on facts itself. III. That the ITAT is not justified in reversing the orders of CIT(A) by holding that deduction u/s 80 HHC of the Income Tax Act, 1961 is not available on duty drawback and sale of replenishment licenses to the appellant which is against the latest ju ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... made, which was also disallowed. Reliance was placed on judgment of the Hon'ble Supreme Court in CIT v. Sterling Foods. 237 ITR 579 and judgment of this Court in Liberty India v. CIT (2007) 293 ITR 520. 3. The view of the Assessing Officer was upheld by the Tribunal. We have heard learned counsel for the appellant. It is not disputed that the view taken by the Tribunal, disallowing the claim ..... X X X X Extracts X X X X X X X X Extracts X X X X
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