TMI Blog2012 (1) TMI 232X X X X Extracts X X X X X X X X Extracts X X X X ..... , there is no reason to deny deduction under similar circumstances. As such we overturn the impugned order on this issue and order for the granting of deduction u/s 80-IB in all the years in question. - ITA Nos.1073, 1074 & 1075/Mum/2009 - - - Dated:- 25-1-2012 - Shri R.S.Syal, AM and Shri R.S.Padvekar, JM For the Appellant : Smt.Aarti Vissanji Shri Vijayakumar S.Biyani For the Re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he present proceedings, the Assessing Officer again did not allow deduction u/s 80-IB which action was approved in the first appeal in all the years in question. 3. Having heard the rival submissions and perused the relevant material on record it is observed that the claim for deduction u/s 80-IB has been denied to the assessee on the reasoning that cutting and polishing of diamonds, being the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... it has been remarked by the learned CIT(A) that : I find that in the additional evidences there is nothing to take a view contrary to the view . This indicates that the additional evidence was in fact filed in support of the claim for deduction. Be that as it may when the coordinate bench of the Tribunal in the case of Sheetal Diamonds Ltd. (supra) has held that cutting and polishing of diamonds ..... X X X X Extracts X X X X X X X X Extracts X X X X
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