2011 (4) TMI 58

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....lant.   ADARSH KUMAR GOEL, J.   1. This order will dispose of ITAs No.34 and 35 of 2011, as it is stated that questions of law involved in both the appeals are common.   2. ITA No.34 of 2011 has been preferred by the revenue under Section 260A of the Income Tax Act, 1961 against order dated 14.5.2010 passed by the Income Tax Appellate Tribunal, Delhi Bench 'B', Delhi in ITA....

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....ars of income in claiming deduction under Section 80IB on export incentives?"   ii) Whether the decision of the Ld. Income Tax appellate Tribunal to delete the penalty under Section 271(1)(c) of the Act is justified in the light of the decision of the Hon'ble Supreme Court in Liberty India Vs. CIT (317) ITR 218), whereby the nonallowability of 8-0IB deduction on export incentives has been ....