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2015 (5) TMI 1202 - HC - Income TaxDeduction u/s 80 HHC by excluding 90% net profit on account of hire of barge charges, Machinery and Shipping agency fees - HELD THAT:- Aforesaid question now stands concluded against the revenue and in favour of the assessee by the decision of the Supreme Court in ACG Associated Capsules (P) Ltd. vs. Commissioner of Income Tax [2012 (2) TMI 101 - SUPREME COURT] We must record the caveat put forth by Mr. Pardiwala, the learned counsel for the respondent that this agreement is without prejudice to the contentions taken in the appeal filed by the assessee for the assessment (Assessment Year 1996-1997) - Substantial question of law is answered in the affirmative i.e. in favour of the respondent – assessee and against the revenue.
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