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2017 (6) TMI 1361 - BOMBAY HIGH COURTNon-consideration of the issues u/s 115JB and 80IB(10) - Interest u/s 234(B) and 234(C) - HELD THAT:- The matter will have to be remitted to the Tribunal with regard to non-consideration of the case of the assessee with regard to deduction under Section 80IB(10) of the Act. The learned Counsel for the assessee concedes that when the matter is being remitted, the Tribunal may also reconsider the issue about the interest u/s 234(B) and 234(C) afresh on its own merits in accordance with law. Revenue does not seriously dispute that the matter is required to be remitted for reconsideration of the issue of interest u/s 234(B) and 234(C) of the Act and also about deduction u/s 80IB(10) of the Act. The impugned order dated 21.02.2014 passed by the Tribunal is quashed and set aside. The Tribunal shall reconsider the case put forth by the assessee and the Revenue on all the issues afresh and on its own merits in accordance with law, expeditiously.
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