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2012 (5) TMI 214 - AT - Income TaxDeduction u/s 10A - FD interest - held that:- The Hon’ble jurisdictional High Court in the case of Green Agro has considered an identical issue. The judgement of the Hon’ble High Court has not been brought to the notice of the Income Tax authorities. Moreover, there has been no proper examination of the issue as to whether the bank interest to the extent of Rs.5,76,799/- is earned on deposits kept as margin money. - matter remanded back. Clubbing of turnover - deduction u/s 10A - held that:- the assessee before the Income Tax authorities had given only a general description about the computation of deduction under section 10A of the Act, probably for the reason that the assessee was under the impression that the Assessing Officer also recognized that the assessee is operating three different/distinct units. The assessee ought to have focused on the evidence to show that it is having three separate units. The evidence that the assessee is operating three separate units are already on record, however, these evidences were neither highlighted before the CIT(A) nor proper examination has been done by the authorities below. Therefore, the matter is restored to the Assessing Officer, who shall examine whether the assessee is having three separate units or one single/integrated unit.
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