2015 (8) TMI 523

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....laram Das, Advocates, with him), Advocates, for the appellant K. Rajeev, Advocate (NP) for the respondent ORDER 1. The respondent-assessee is a public limited company engaged in growing and manufacturing tea besides trading activities. The assessee had an export turnover of Rs. 7,24,99,271. The total turnover of the assessee came to Rs. 40,82,91,806. The assessee had exported tea and had recei....

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.... is actually the income from the other activities and income from services rendered. After setting off the losses from tea the learned Assessing Officer, vide his order dated March 19, 1990, held that the deduction is not permissible, as section 80AB is to be applied. 4. Aggrieved, the respondents approached before the office of the Commissioner (Appeals). Learned Commissioner (Appeals), vide his....

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....ssed this appeal and affirmed the decision of the Tribunal. 6. Nobody is present on behalf of the respondent-assessee. We have heard learned senior counsel appearing for the appellant, Mr. Dhruv Mehta. He has drawn our attention to the recent judgment rendered by this very Bench in the case of Jeyar Consultant and Investment Pvt. Ltd. v. CIT reported in [2015] (4) SCALE 410, [2015] 373 ITR 87 (SC....