TaxTMI 
TaxTMI 
2014 (10) TMI 742
X X X X Extracts X X X X
X X X X Extracts X X X X
....he impugned judgment and order passed by the Income Tax Appellate Tribunal, Ahmedabad Bench (hereinafter referred to as ITAT) dated 26.09.2001 in ITA No. 2453/Ahd/95 for the Assessment Year 1991- 92, the Asst. Commissioner of Income Tax has preferred the present Tax Appeal for consideration of the following substantial question of law: (a)Whether, on the facts and circumstances of the case and in....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... impugned judgment and order, ITAT has upheld the decision of CIT (Appeals). 3. Being aggrieved and dissatisfied with the impugned judgment and order passed by the ITAT, the revenue has preferred the present Tax Appeal for consideration of the aforesaid substantial question of law. 4. Mr. Manish Bhatt, learned Senior Counsel appearing with Ms. Mauna Bhatt, learned advocate on behalf of the appel....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... the Supreme Court in the case of Shirke Construction Equipment Ltd(supra), the questions, which are raised in the present appeal is required to be answered in favour of the Department. We are not giving any elaborate reasons for the same as in the case of Shirke Construction Equipment (Supra) it is held by Honble the Supreme Court that in determining business profits for the deduction under secti....