2014 (7) TMI 1260

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.... Mr. Pramod Vaidya and Mr. S. G. Bhobe, Advocates for therespondent ORDER 1. Heard learned Counsel appearing on behalf of the respective parties. 2. The revenue, by these appeals, has raised the following substantial questions of law : "(a) Whether on the facts and circumstances of the case, the ITAT Panaji is correct in holding that the assessee is engaged in manufacturing ac....

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....l found that the deduction under Section 80-IB was allowed for the earlier year by the revenue in assessee's case. The Tribunal also found that earlier the Assessing Officer had confirmed that the activity undertaken by the assessee qualifies to be a manufacturing activity. The Tribunal accordingly applied the principle of consistency and allowed the deduction under Section 80-IB of the Act. ....