2011 (9) TMI 1188

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....L ORDER Mr. Akil Kureshi Revenue is in appeal against  the judgment of the Tribunal dated 18.9.2009 raising following  questions for our consideration : "A Whether on the facts and circumstances of the case and in law, is correct  in deleting the addition  of Rs. 46,05,565/- on account of disallowance  of claim of deduction u/s.80IB of the I.T. Act, without ....

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.... The Tribunal ultimately in the impugned judgment held that the assessee would be entitled to deductions.  This was done on two grounds.  Firstly, the Tribunal was of the opinion that  a new product had come into existence, a fertilizer named as NPK mix containing various substances.  The Tribunal in this regard  relied on a decision of the Apex Court  in the case o....