2025 (8) TMI 1694

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....urabh Soparkar, Sr. Adv. Mr. Amar Dave, Sr. Adv. Mr. P. S. Sudheer, AOR Mr. Rishi Maheshwari, Adv. Ms. Anne Mathew, Adv. Mr. Bharat Sood, Adv. Mr. Jai Govind M J, Adv. Mr. Jashan Vir Singh, Adv. Mr. Saurabh Soparkar, Sr. Adv. Mr. Amar Dave, Sr. Adv. Mr. Mahesh Agarwal, Adv. Mr. Ankur Saigal, Adv. Mr. Naman Gupta, Adv. Mr. Siddhant Sahay, Adv. Mr. E. C. Agrawala, AOR For the Respondent : Mrs. Ani....

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....4) 270 ITR 175 dismissed all the three appeals. 4. The appeals before the High Court were on the following question of law:- "while calculating deduction under Section 80-I of the Income Tax Act whether the profits derive from the Industrial undertaking should be reduced by the claim of investment deposit under Section 32AB of the Act or not." 5. We take notice of the fact that the High Court....

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.... the assessment years in issue in three appeals and squarely supports the case of the revenue which position has also been noted in the afore-mentioned judgment i.e., Vijay Industries (supra), of this Court. 10. We are of the view that we should set aside the impugned order passed by the High Court and remand the appeals for fresh consideration in accordance with law, more particularly, keeping i....