2011 (7) TMI 1152

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....espondent  :Sri. M.V. Seshachala & Sri. K.V. Aravind, Advs.,) JUDGMENT This appeal is by the assessee being aggrieved by the order dated 11.01.2008 passed in ITA No. 367/Bang/2007 by the Income Tax Appellate Tribunal, Bangalore Bench. 2. This appeal was directed to be heard along with ITA 674/2007 by the order dated 21.02.2011. In view of the memo filed, it was held that among the fo....

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....erest after excluding the related expense with regard to earning of said interest which had been debited in the Profit & Loss Account? (iii) Whether the Explanation (baa) to section 80HHC of the Act was applicable to the miscellaneous income consisted of write-back of outstanding trade creditors? (iv) Whether the amount of excise duty paid should not be reduced from the total tur....

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....ITA No.141/2005 c/w ITA No.137/2005. Accordingly, the substantial question of law No. 1 and 2 are answered in terms of the aforesaid judgments by holding in favour of the assessee and against the revenue. 5. So far as question No. 3 & 4 are concerned, the learned counsel appearing for the appellant submits that the said questions are not pressed by him since they do not arise for consideration.....