2014 (2) TMI 45

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....ssatisfied with the impugned judgment and order passed by learned Income Appellate Tribunal (hereinafter referred to as the ITAT) passed in ITA No. 9/RJT/2004 for the AY 1995-96 dated 21.9.2005, by which, the learned Tribunal has allowed the said appeal preferred by the assessee holding that for the purpose of applying Explanation (baa) below Section 80HHC(4B) while reducing 90% of receipt by way ....

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....mstances of the case the learned ITAT was right in law and on facts in directing Assessing Officer to recompute the deduction under Sections 80HH, 80-I and 80-IA of the Income Tax Act, 1961 holding that the interest is eligible thereon. 4. Heard Shri Pranav Desai, learned advocate for the appellant- revenue and Shri S.N. Sparkar, learned Senior Advocate for the respondent- assessee. 5. Consideri....