2010 (1) TMI 42

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..... – since the assessee had disclosed all the primary and material facts and, therefore, it could not be said that the assessee had concealed his income or had furnished inappropriate particulars of income. The Tribunal also noted that the assessee had filed explanation regarding its claim for deduction under Section 80-IB of the said Act which, according to the Tribunal, could not be said to be a fa .....

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..... sbook Scheme (DEPB scheme) under Section 80-IB of the Income Tax Act, 1961 (hereinafter referred to as the 'said Act'). 2. The Tribunal has come to the conclusion that the assessee had disclosed all the primary and material facts and, therefore, it could not be said that the assessee had concealed his income or had furnished inappropriate particulars of income. The Tribunal also noted that the a .....

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