2008 (3) TMI 697

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....l under section 260A of the Income-tax Act, 1961 (for short 'the Act') against the order of the Income-tax Appellate Tribunal, Chandigarh Bench 'B', Chandigarh dated 31-7-2006 passed in ITA No. 293/Chandi./2003 for the assessment year 2000-01 raising the following proposed substantial question of law:- "1.Whether on the facts and circumstances of the case, the Hon'ble ITAT was right in law ....

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....ent has already been decided against the revenue by the judgment of Hon'ble Supreme Court of India in the case of CIT v. Shirke Construction Equipments Ltd. [2007] 291 ITR 3801 (SC), wherein it has been held as under:- "Section 80AB of the Income-tax Act, 1961, specifying that profits are those as determined for the purpose of the Act, will apply for determining profits from export business....