Just a moment...

Top
FeedbackReport
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

2018 (7) TMI 1628

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... for the Revenue despite service. Mr. Shivram, Learned Senior counsel appearing in support of the Appeal, undertakes that an Affidavit of service will be filed within a week from today.   2. This Appeal under Section 260A of the Income- Tax Act challenges the order dated 10th March, 2006 passed by the Income-Tax Appellate Tribunal (the tribunal). The impugned order relates to Assessment Year....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....r explanation (iv) to section 115JB ? III. Whether in computing book profit u/s. 115JB the deduction should be of 100% of the amount calculated u/s. 80HHC(3) i.e. Rs. 1,33,65,804/- and not Rs. 1,06,92,643/- being the quantum of deduction eligible u/s. 80HHC(1B) ? (IV) Whether the Appellate Tribunal was correct in law in confirming the levy of interest u/s. 234B, 234C and 234D on income taxes pay....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Court in Commissioner of Income-Tax V/s. Bhari Information Technology Systems P. Ltd, [2012] 340 ITR 593. It is further pointed out that, an earlier decision of this Court in CIT V/s. Al-Kabeer Exports Ltd. (2010), 193 Taxman 56 (Bom) was in favour of the Revenue. However, the appeal filed from the above order by Al- Kabeer Exports Limited before the Supreme Court Al- Kabeer Exports Ltd. Vs. CIT....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....sel appearing for the Revenue very fairly states that this issue stands concluded against the appellant-assessee and in favour of the respondent-Revenue. This, by the decision of this Court in Joint Commissioner of Income-Tax v. Rolta India Ltd. [2011] 330 ITR 470. (ii) In the above view, this question is to be answered in the affirmative, that is, in favour of the respondent-Revenue and against ....