2009 (7) TMI 19

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.... (for short, "the Act") against order dated 26.11.2008 of the Income Tax Appellate Tribunal, Chandigarh "SMD" Bench in I.T.A. No.468/CHANDI/2008 for the assessment year 2004-05, proposing to raise following substantial questions of law:- "I. That the ITAT was justified in law in holding that appellant was not entitled to the deduction u/s 80IB in respect of profits and gains arising on account of....

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....gs of ITAT are perverse and against the evidences on record thus sustainable in law. V. Whether the ITAT has misdirected itself in being influenced by irrelevant factors and applying erroneous criteria while deciding the issue of eligibility for claiming deduction under section 80IB of the Income Tax Act, 1961." 2. The assessee claimed deduction under Section 80IB of the Act in respect of export....