2012 (12) TMI 77

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.....   ORAL ORDER   (Per : HONOURABLE MR.JUSTICE AKIL KURESHI)   Revenue is in appeal against the judgment of the Tribunal dated 13.11.09 raising following question for our consideration: "Whether the Appellate Tribunal is right in law and on facts in allowing the claim of the assessee u/s.10A amounting to Rs.11,75,166/-?" Issue pertains to deduction under section 10A of the Income .....

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..... y conditions for claiming deduction under section 10A of the Act. CIT(A) considered the evidence on record at considerable length and reversed the order of the Assessing Officer recording a finding that the assessee had satisfied all the requirements. The Tribunal further approved the decision of the CIT(A) making following observations. "8. We have given our careful consideration to the rival s .....

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..... banks confirming receipt of money in the form of foreign exchange were furnished. Certificate regarding qualification of both the Directors was also furnished. The assessee company has made genuine exports, earned foreign exchange, which is not doubted by any other authorities except the A.O. Keeping in view the totality of the facts and circumstances of the case, in our opinion, the Learned Commi .....

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