2012 (2) TMI 569

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....rarka ORDER Per Shri C.D.Rao, AM The above appeal is filed by Revenue against order dated 30.06.2010 of the ld. CIT(A)-Central-II, Kolkata pertaining to A.Yr. 2007-08. 2. The Revenue has raised the following grounds of appeal :- "1. (a) That on the facts and in the circumstances of the case, the ld. CIT(A) has erred in law and facts of the case in directing to include the amou....

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.... to that of the decision of the Tribunal for A.Yr. 2006-07 he requested to dismiss the appeal of the revenue. 4. On the other hand the ld. DR appearing on behalf of the revenue though relied on the orders of revenue authorities could not contradict the said request of the ld. Counsel for assessee. 5. After hearing the rival submissions and on careful perusal of materials available on record,....

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....ed from the profit of the Faridabad Unit for calculating eligible profit for claiming deduction u/s 80IB. Therefore, deduction u/s 80IB is allowed @ 30% on (Rs.5,00,67,311 - Rs. 58,85,180) i.e. for Rs. 1,32,54,639 instead of Rs. 1,50,28,193 as claimed by the assessee company. On the other hand, the Ld. CIT(A) has deleted the same by observing that "1 have gone through the assessment or....