2013 (1) TMI 154

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.... deductions claimed by the assessee under Chapter IV and VI-A of the Income tax Act, 1961 which were allowed in regular assessment for the respective assessment years, while computing the undisclosed income under section 158BB(1) for the Block period 1.4.1985 to 14.11.1995? (2)  Whether on the facts and in the circumstances of the case, the Tribunal is justified in holding that the income which was duly disclosed and considered in the original assessment proceedings, could not form part of undisclosed income as defined in sub-clause (b) of Section 158 B of the Income Tax Act, 1961? (3)  Whether on the facts and in the circumstances of the case the Tribunal is right in law in deleting the addition of Rs. 1,50,500/- made under sec....

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....t of being partner in the firm, M/s Sarin Chemical Laboratory, Agra. The amount was received during the previous year relevant to assessment year 1993-94 which also form part of the block period. The amount was subjected to tax. 3. The assessee feeling aggrieved filed an appeal before the Tribunal. The Tribunal by the impugned order had held that deduction under Chapter VI-A of the Act was admissible. It had relied upon letter No. F.NO. 414/75/99/IT-(INV-I) dated 27th August, 1999 issued by Sri Davinder Gupta. OSD (INV-I), Ministry of Finance, Department of Revenue, Central Board of Direct Taxes wherein it had been stated that the issue regarding allowability of deduction under Chapter VI-A of the Act already claimed by the assessee in the....