2017 (1) TMI 114

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....1. By way of this appeal, the department has challenged the judgment and order of the Tribunal whereby the Tribunal has dismissed the appeal preferred by the department and confirmed the order passed CIT (Appeals). 2. The department has framed the following substantial questions of law which was to be considered by this Court: "(i) Whether the Tribunal was justified in allowing deducti....

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....ering this as his business profit. 4. We have heard Mr. Anuroop Singhi appearing for the appellant. 5. The CIT (Appeals) in para 3.1.2 held as under: "I have duly considered AO's contention and appellant's submission, perused the materials on record, duly considered factual matrix of the case as also applicable legal position. Since the technique of steel liners and steel ra....

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.... definition just to differentiate income in its book and profit will not be disturbed only because claim made under the head "Income from the sources" and there is nothing wrong in this. Income of this NE unit is linked with manufacturing unit and AO has not doubted that. Further, it is also a fact that the deductions U/s 80IE are available on manufacturing of any eligible article or thing and the....