2012 (4) TMI 593

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....respondent JUDGEMENT On the appeal being restored to file, it has been taken on board and called out for hearing by consent. 2. The appeal arises from the order of the Income Tax Appellate Tribunal dated 20 August 2010. The assessment year to which the appeal relates is Assessment Year 2005-2006. The Revenue has raised the following questions of law : "(a) Whether on the facts and circ....

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....eel tapes and cold Rolled (CR) strips. The Assessing Officer by his order dated 27 March 2007 allowed the claim of the assessee under section 80 IB. The Commissioner of Income Tax issued a notice to show cause on 7 October 2008 under section 263. In exercise of the jurisdiction under section 263, the Commissioner of Income Tax set aside the order of the Assessing Officer allowing the claim under s....