2018 (7) TMI 1628

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....titioner. P.C. :- 1. None appears 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 ....

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....erence to book profit (after adjustments) as per 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 in....

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.... favour of the appellant-assessee by the decision of the Apex 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 L....

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....evenue. 5. Regarding Question no. IV : (i). Mr. Shivram, Learned Counsel 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 ....