2010 (9) TMI 1254

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....S.Syal, This appeal by the Revenue arises out of the order passed by the Commissioner of Income-tax (Appeals) on 17.03.2009 in relation to the assessment year 2006-2007. 2. Ground nos.1 and 2 are against the granting of deduction u/s.80-IB. At the very outset the learned Counsel for the assessee contended that similar disallowance was made by the Assessing Officer in earlier year as well and t....

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....ard both the sides on this issue and perused the relevant material on record, we find that this issue is no more res integra in view of the judgement of the Hon'ble Supreme Court in Liberty India Vs. CIT [(2009) 317 ITR 218 (SC)] holding that no deduction can be made u/s.80-IB in respect of DEPB entitlements. This ground is allowed. 5. Ground no.4 is against the allowing of relief in respect of ....