2014 (3) TMI 98

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.... ORDER Per : D. K. Tyagi, Judicial Member:- This is the Revenue's appeal against the order of Ld. CIT(A) Gandhinagar dated 27/04/2011. 2. The only effective ground reads as under:- "(1) The learned CIT(A) has erred in law and on facts in deleting the addition of Rs. 92,20,602/-, made on account of disallowance of deduction u/s 80IB of the I.T. Act, 1961." 3. Brief facts of the case....

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....vt of Gujarat, Gandhinagar on 23/07/1999 (ii) As per Press Note No, 4 by The Ministry of Commerce and Industries; vide Circular F.No. 10(6) / 97 - IP (Vol. Ill) dated 14/03/2000 clarified that "The units which have obtained provisional registration on the basis of the notification dated 10th December, 1997 and have taken concrete steps for implementing the project such is preparation of project....

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....egistration continued in subsequent years. (iv). As per Notification of Central Govt. - SO 857(E), dated 10-12- 1999, the value of plant and machineries is to be computed after excluding various expenses/ items viz: tools, dyes, moulds, and spare parts, cost of installation of plant and machinery, cost of generator sets, and extra transformer, transportation charges for indigenous machineries, ....

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....nufacture of Decorative Laminates- Laminates. 8.2.3 Having considered the above, I am of the opinion that the appellant company provisionally registered as SSI on 23/07/1999, as per press note / circular of Commerce and Industries the limit of Investment in plant & applicable to the unit is Rs. 300 lacs (on the facts of the assessee's case as discussed above) and not Rs, 100 lacs; the compu....