TMI Blog2014 (8) TMI 350X X X X Extracts X X X X X X X X Extracts X X X X ..... - The assessee is a manufacturer and exporter of cotton yarn, woolen hosiery garments and also trades in cotton yarn - The assessment was framed by the ACIT - Deduction u/s 80HHC of the Act was reduced as service charges were included in the total turnover for the computation of deduction u/s 80HHC of the Act - the Tribunal modified the order holding that service charges to be excluded from the to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er Section 260A of the Income Tax Act, 1961 (in short, the Act ) against the order dated 24.10.2005, Annexure 3 passed by Income Tax Appellate Tribunal, Chandigarh Bench, A (in short, the Tribunal') in M.A.No.180/Chandi/2005 arising out of ITA No.1026/Chandi/1998 for the assessment year 1995-96 claiming following substantial question of law:- Whether on the facts and the circumstances o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... HHC of the Act was reduced as service charges to the tune of ₹ 7,38,90,128/- were included in the total turnover for the computation of deduction under Section 80HHC of the Act. Aggrieved by the order, the assessee filed appeal before the Commissioner of Income Tax (Appeals) [CIT(A)]. Vide order dated 24.8.1998, Annexure A.2, the CIT(A) dismissed the appeal. The assessee filed further appeal ..... X X X X Extracts X X X X X X X X Extracts X X X X
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