2011 (1) TMI 476

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Revenue.   ADARSH KUMAR GOEL, J.   1. This 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, Chandigarh dated 25.6.2010 in I.T.A. No.252/CHD/2010 proposing to raise following substantial questions of law:-   "(i) Whether on the facts and circumstances of th....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he profit in the hands of assessee?   (iv) Whether on the facts and circumstances of the case, the ITAT was right in law in deducting the face value of DEPB from sale price of DEPB for calculating profit under Sections 28(iiid) and 28(iiie) of the Income Tax Act, 1961 as if the face value is the cost incurred by the assessee to acquire the DEPB?   (v) Whether on the facts and circu....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ly justified in deleting the charging of interest under section 234D ignoring the fact that the order charging interest was made on05.12.2008 i.e. after 01.06.2003, the date of inception of provision of section 234D of the Income-tax Act, 1961?   (viii) Whether on the facts and in law the Hon'ble ITAT was legally justified in deleting the charging of interest under section 234D ignoring th....