2011 (3) TMI 1357

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Following judgment of the Supreme Court for earlier years, we answer the common question raised i.e. on the entitlement of the respondent-assessee for exemption under Section 80HHC of the Income Tax Act on the export house premium in favour of the assessee and dismiss the appeals on this issue.   2. So far as the questions raised by the Revenue for sustaining the interest levied under Secti....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ivision Bench judgment of this court in COMMISSIONER OF INCOME TAX VS. POPULAR VEHICLES AND SERVICES LTD. reported in 228 CTR 346 and contended that the issue is squarely covered by this judgment. Even though counsel for the assessee opposed stating that the Tribunal's findings are sustainable, we feel since this court has exhaustively considered the matter in the above judgment, the matter should....