2018 (5) TMI 155

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.... For Respondent : Mr.R.Sivaraman ORDER ( Judgment of the Court was delivered by T. S. Sivagnanam, J. ) Heard Mr.T.Ravikumar, learned counsel for the Revenue and Mr.R.Sivaraman, learned counsel for the assessee. 2. This appeal, filed by the Revenue, is directed against the order passed in I.T.A.No.807/Mds/2002 dated 23.06.2006, on the file of the Income Tax Appellate Tribunal, Madras B....

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....leting the same, computed the profit of business. On the said figure, the assessing officer granted deduction under Section 80HHC of the Act. 5. The assessee filed an appeal before the Commissioner of Income Tax (Appeals)-V in ITA No.469/2001-02. The first appellate authority, by order dated 07.02.2002, allowed the assessee's appeal on the said aspect and held that the income earned by the ....

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....lso to be treated as business profit. The Revenue preferred appeal as against the said judgment by way of this tax case appeal. 8. The undisputed fact is that the assessee is not carrying on machining activity as its main line of business. This fact has been admitted by the Commissioner of Income Tax (Appeals) as well as before the Tribunal. The activity of machining done by the assessee is whe....