2010 (4) TMI 12

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....ar Durrez Ahmed Hon'ble Mr Justice V.K. Jain 1. Whether Reporters of local papers may be allowed to see the judgment? 2. To be referred to the Reporter or not? 3. Whether the judgment should be reported in Digest? BADAR DURREZ AHMED, J (ORAL) 1. The present appeal filed by the revenue is directed against the order dated 05.12.2008 passed by the Income-tax Appellate Tribunal in re....

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....the same could not be reopened in reassessment proceedings. We find no infirmity in the view taken by the Tribunal on this aspect of the matter. 3. As regards the second issue, which pertains to deduction under Section 80 IB of the said Act, the Tribunal held that the interest income received on delayed realisation of sale proceeds took the character of sale proceeds and, after placing reliance....

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....(P&H); (ii) Commissioner of Income-tax v. Flender Macneill Gears Ltd: 150 ITR 83 (Cal); (iii) Tata Sponge Iron Ltd v. Commissioner of Income-tax: 292 ITR 175 (Orissa); and (iv) Commissioner of Income-tax v. Indo Matsushita Carbon Co. Ltd: 286 ITR 201 (Mad). 4. The court also considered the decision of the Supreme Court in the case of Liberty India v. Commissioner of Income-tax: 317 ITR....