2015 (6) TMI 324

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..... JUDGMENT We have heard Sri K.V.Aravind, learned Counsel appearing for the appellants as well as Sri A.Shankar, learned Counsel appearing for the respondent and perused the record. 2. The sole question involved in the present appeal is as to whether after the amendment brought in sub-section 4 of Section 10A of the Income Tax Act, 1961 with effect from 01.04.2001, while computing the ded....

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....he appeal filed by the assessee, the Tribunal has set aside the order of the Commissioner of Income Tax. Aggrieved by the said order, this appeal has been filed by the Revenue raising the following substantial question of law: "Whether the Tribunal was correct in setting aside the order passed u/s.263 of the Act, where the commissioner had held that the computation of deduction u/s.10A of the A....

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....clusion and thus the order was rightly taken up for revision under Section 263 of the Act. 6. We are unable to accept the said submission of the learned Counsel for the appellants, as by accepting the return filed by the assessee in which the requisite details had been given, it was not necessary for the Assessing Officer to give detailed reasons, although it could be said that had such reasons....