2013 (4) TMI 12

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....hai J.- Though the writ petition is listed for admission, with the consent of the learned counsel for the parties, we have taken the writ petition for final disposal. 2. Rule. We have heard Mr. Bandish Soparkar holding brief for Mrs. Swati Soparkar, learned counsel for the petitioner and Mr. Pranav G. Desai, learned counsel appearing for the respondent. 3. This writ petition has been file....

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....rn on October 25, 2007, which was processed under section 143(1) of the Act on October 14, 2008, accepting the total income at Rs. 38,88,083. The assessee has claimed deduction under section 10B of the Act at Rs. 1,60,55,803 and the same was restricted to the tune of Rs. 1,57,57,803 for the assessment year 2007-08. According to the Assessing Officer, as mentioned in his reasons, the irregular dedu....