2015 (1) TMI 660

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....t the judgment and order dated 12.5.2005 passed by the Income Tax Appellate Tribunal, Ahmedabad Bench 'B' in ITA No.2429/Ahd/1998, whereby the appeal filed by the was allowed for statistical purposes. 2) The facts in brief are that the assessee had filed its return for the assessment year 1995-96 showing total income of Rs. 28,400/-. Initially, the return was processed under section 143(A) of the....

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....f gross income required to be excluded?" 6) Learned advocate for the appellant has invited our attention to a decision of the Apex Court in the case of ACG Associated Capsules Pvt. Ltd. v. Commissioner of Income Tax, (2012) 343 ITR 89 B and submitted that the issue involved in this appeal is squarely covered by the aforesaid decision. 7) We have heard learned counsel for the respective parties a....