2004 (4) TMI 267

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....or the asst. yr. 1998-99 on the following effective grounds: 1. That the worthy CIT(A), Ludhiana, has erred in confirming the addition of Rs. 2,00,000. 2.That without prejudice to the abovesaid ground of appeal, it may be stated that the deduction under s. 80HHC on the amount allegedly agreed upon has to be allowed as per the provisions of law. 3. That there cannot be any agreement agains....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....of the total turnover of the assessee. 3.1 In this regard, learned Authorized Representative for the assessee referring to computation of deduction under s. 80HHC filed before the ITO at p. 5 of the paper book, submitted that while taking the total turnover of the assessee, this figure of sale of scrap is taken by the assessee at Rs. 2,37,204. Now, instead of the same, in view of this agreed ad....