2011 (12) TMI 338

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....   1. Three questions of law raised by the Revenue in this appeal read thus:-   "(a) Whether on the facts and in the circumstances of the case, the Tribunal erred in law in allowing deduction under s. 80-IB and under s. 10BA by holding that the undertaking, on which provisions under s. 80-IB and under s. 10BA of the IT Act, as the case may be apply, has manufactured or produced eli....

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....   (c) Whether on the facts and circumstances of the case, the Tribunal erred in law in holding DEPB as a profit derived from export business for the purpose of computing deduction under s. 10BA ignoring the ratio of decision in the case of Liberty India vs. CIT (2009) 225 CTR (SC) 233 : (2009) 28 DTR (SC) 73 : (2009) 317 ITR 218 (SC) having binding force on facts and circumstances of the ....