High Court dismisses appeal on revenue's questions, deferring to prior judgment & ITAT remand. No costs awarded.

The High Court of Bombay disposed of the appeal, ruling that the revenue's first question was not entertainable due to a previous judgment, and the second question was not considered as the matter was remanded to the Assessing Officer by the Income Tax Appellate Tribunal. No costs were awarded in the case.

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The High Court of Bombay disposed of the appeal regarding the eligibility of an Assessee Company for deduction under Section 80IB of the Income Tax Act. The Court held that the first question raised by the revenue was not entertainable based on a previous judgment and the second question was not entertained as the matter was remanded back to the Assessing Officer by the Income Tax Appellate Tribunal. No costs were awarded.

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