2016 (10) TMI 503

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.... Act, 1961 (the Act) challenges the order dated 25th June, 2013 passed by the Income Tax Appellate Tribunal (the Tribunal). The impugned order is in respect of Assessment Year 2006-07. 2. The Revenue has urged following questions of law for our consideration : (i) Whether on the facts and in the circumstances of the case and in law, the Tribunal was justified in granting the assessee's clai....

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....0A(ia) redundant? 3. Re. question nos. (i) and (ii) : (a) Mr. Tejveer Singh, learned Counsel appearing for the appellant Revenue very fairly states that the issues arising herein stands concluded against the Revenue and in favour of the respondent assessee by the decision of this Court in Commissioner of Income Tax Vs. Happy Home Enterprise, 372 ITR 01 and the order dated 24th April, 2015 passe....

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....n the size of a plot of land which has a minimum area of one acre" and accordingly is entitled to deduction u/s 80IB of the Income Tax Act, 1961 ? (ii) Whether on the facts and circumstances of the case and in law, the decision of the Income Tax Appellate Tribunal to allow deduction under Section 80IB(10) on the amount of statutory disallowance made under Section 40(a)(ia) of the Income Tax Act....