2020 (12) TMI 167

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....ent : Shri O P Vaishnav - CIT(DR) ORDER PER PAWAN SINGH, JUDICIAL MEMEBR: 1. This appeal by revenue is directed against the order of ld. Commissioner of Income Tax (Appeals), Valsad [in short "CIT(A)"] dated 30.03.2017, which arises from assessment order passed under section 143(3) read with section 147 Income tax Act dated 20.03.2015 for assessment year 2007-08. 2. The revenue has rai....

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.... engaged in the business of manufacturing of electric control panels, situated in a backward area of Dadra & Nagar Haveli. The assessee while filing return of income under section 139 for Assessment Year (AY) 2008-09 claimed deduction under section 80IB. Subsequently the claim of deduction under section 80IB was accepted, the Assessing Officer reopened the assessment order under section 147 by iss....

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....A) the action of Assessing Officer was reversed, thereby allowing deduction under section 80IB. The ld. CIT(A) allowed relief to the assessee by following decision of Tribunal in assessee's case for AY.2007-08 in ITA No.1667/AHD/2014 dated 02.09.2015. Aggrieved by the order of ld. CIT(A), the revenue has filed for present appeal before us. 4. We have heard the submissions of ld. Departmental Re....

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....g was started from March, 2004. 5. On the other hand, the ld. CIT(DR) for the revenue fairly accepted that the ld. CIT(A) followed the order for AY. 2007-08 which has been reversed by Tribunal in the order dated 02.09.2015. The ld. DR for revenue submits that he supports the order of Assessing Officer. 6. We have considered the submission of both the parties and gone through the order of low....