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TMI Blog2016 (8) TMI 955X X X X Extracts X X X X X X X X Extracts X X X X ..... JUDGMENT ( Per : Honourable Mr. Justice KS Jhaveri ) 1. These Tax Appeals under Section 260A of the Income Tax Act, 1961 are filed against the common order dated 20.10.2006 passed by the Income Tax Appellate Tribunal in ITA Nos.1786 to 1790/Ahd/2006 raising the following substantial questions of law: "[A] Whether, in the facts and in the circumstances of the case the Income Tax Appellate Tri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ts return of income on 22.11.2000 declaring 'NIL' income after claiming deduction u/s.80IA to the tune of Rs. 1,30,10,329/. The assessment was finalized u/s.143(3) on the total taxable income of Rs. 78,44,021/. While finalizing the assessment, the claim of assessee u/s.80IA was disallowed to the extent of Rs. 78,44,021/, vide order dated 18.01.2005. 3. Against the order of Assessing Officer, the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 6. Learned counsel for the Revenue could not controvert the aforesaid submission nor could he point out any distinguishing feature which may warrant a different view. 7. In view of the above and for the reasons given in the judgment aforementioned, the question no.1 raised in these appeals is answered in favour of the assessee and against the Revenue. Since question no.2 is consequential to que ..... X X X X Extracts X X X X X X X X Extracts X X X X
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