2019 (2) TMI 535

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....bsp; P.C. 1. The Revenue is in appeal against the judgment of the Income Tax Appellate Tribunal ("the Tribunal" for short) raising following questions for our consideration : (i) Whether on the facts and in the circumstances of the case and in law, the Tribunal erred in directing the AO to grant the benefit of deduction u/s 35(2AB) when it was evident from the approval letters that the ap....

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....e not deposited within the stipulate time / dates as provided in the respective Act? (iv) Whether on the facts and in the circumstances of the case and in law, the Tribunal erred in holding that deduction under Section 80HHC has to be computed as the profit of the business as reduced by profit allowed as deduction under Section 80IA/80IB? (v) Whether on the facts and in the circumstances of ....

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....he decision of the Division Bench of Gujarat High Court in the case of CIT Vs. Claris Lifesciences Ltd. (2008) 174 Taxman 113 and the decision of the Delhi High Court in case of CIT New Delhi Vs. Sandan Vikas (India) Ltd. 335 ITR 117. We are informed that the decision of Delhi High Court in case of Sandan Vikas (India) Ltd. (Supra) was carried in appeal before the Supreme Court and the SLP came to....

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....l (L) No. 2111 of 2012 in case of this very assessee where by order dated 26th February, 2013 while dismissing the Revenue's Appeal, these questions came up for consideration. These questions in the present appeal, therefore are not entertained. 5. With respect to question no. (v), the assessee had objected to the Revenue's proposal for disallowance of expenditure on the ground that the....