2017 (5) TMI 1485

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....his appeal, the appellant has challenged the judgment of the Tribunal whereby the Tribunal has dismissed the appeal of the Department. 2. While admitting the appeal, this Court framed the following substantial question of law: "1. Whether on the facts and circumstances of the case, the tribunal was justified in deleting the addition of Rs. 1,89,29,835/- and accepting the gross profit d....

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....dition of Rs. 1,89,29,835/- made by the assessing officer and allowing deduction u/s 10B on the entire profit?" 3 Heard learned counsel for the parties. 3.1 It is not in dispute that controversy involved in this case is squarely covered by the decision of this Court in CIT, Jaipur-II, Jaipur Vs. M/s Aditya Gems, D.B. Income Tax Appeal No. 234/2008, decided on 2.11.2016, wherein it has been h....