2017 (12) TMI 1125

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....For the Respondent : Sri. Gangadhar J. M. For Arvind D Kulkarni JUDGMENT This appeal is preferred by the Revenue under Section 260A of the Income Tax Act, 1961(hereinafter referred to as 'the Act', for short). The  substantial question of law that arises for our consideration is: "Whether deductions under Section 10A of the Act are to be made only at the stage of computation of....

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....est of the revenue, as the Assessing Authority had not followed the CBDT circular dated 16.07.2013 and accordingly, set aside the assessment order. The Commissioner directed the Assessing Authority to redo the assessment. Aggrieved by the same, the assessee preferred an appeal before the Income Tax Appellate Tribunal, Panaji Bench, Panaji in ITA.No.250/PNJ/2015, which came to be allowed relying up....

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....income under Chapter VI. Accordingly, the learned counsel submits that the substantial question of law that would arise for consideration in this appeal is required to be answered in favour of the assessee. 5. We have heard the learned counsel for the parties and perused the material on record. 6. The submission made by the learned counsel for the revenue has force in view of the judgment of....