2011 (3) TMI 150

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....is appeal has been preferred by the revenue under Section 260-A of the Income Tax Act, 1961 (for short, "the Act") against the order of the Income Tax Appellate Tribunal, New Delhi dated 16.2.2010 in I.T.A. No.4760/DEL/2009 proposing following substantial questions of law:-   "i) Whether on the facts and in the circumstances of the case, the Ld. ITAT was justified in allowing deduction u/s 8....

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....case of Topman Export, supra has been reversed by the decision of the Hon'ble Bombay High Court in the case of CIT vs. Kalpataru Colours and Chemicals-TIOL-482-HC Mum.?"   2. Learned counsel for the appellant states that the matter is covered in favour of the revenue by orders of this Court dated 16.8.2010 in I.T.A. No.301 of 2010 CIT v. M/s Victor Forgings and I.T.A. No.299 of 2010 CIT v. F....