2012 (3) TMI 718 - ITAT CHENNAI

Extract:
.......ating deduction under Section 80-IB of the Act. Revenue is also supported by the decision of Hon ble Apex Court in the case of CIT v. K. Ravindranathan Nair (295 ITR 228). We are, therefore, of the opinion that appeal of the assessee is also devoid of any merits. 5. In the result, both the appeals filed by Revenue as well as assessee are dismissed.