2009 (1) TMI 93

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....one for the respondent. ORDER D. A. MEHTA J. - Appellant -Revenue has proposed the following question: "Whether the Appellate Tribunal is right in law and on facts in confirming order passed by the CIT(A) holding that duty drawback is 'income derived' from industrial undertaking and thereby directing the same to be included while calculating deduction u/s.80IB of the Act?" 2. Learned s....

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....tion 80IB of the Act. It was, therefore, submitted that a substantial question of law arises for consideration. 3. In the judgment rendered by this High Court in the case of CIT v. India Gelatine and Chemicals Ltd. (Supra), after considering the object of the duty drawback scheme, the High Court has recorded that the duty drawback is specifically granted to reduce the cost of manufacturing the ....