TMI Blog2011 (3) TMI 1716X X X X Extracts X X X X X X X X Extracts X X X X ..... following questions for our consideration :- Whether on the facts and circumstances of the case and in law, the Appellate Tribunal was right in holding that the assessee is eligible for deduction u/s. 80IB of the Act, on disallowance of ₹ 17,13,927/= made u/s. 40 (a)(ia) ? The issue arises in the following factual background :- Assessee filed return of income on 29th October 20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gned order, rejected the Revenue's appeal. Hence, the present appeal before us. As already noted, the CIT [A]'s order confirming the disallowances has been accepted by the assessee. That being so, we do not find any infirmity with the view taken by the CIT [A] as well as the Tribunal that on the enhanced profit, the assessee would be entitled to proportionate benefit under Section 80IB ..... X X X X Extracts X X X X X X X X Extracts X X X X
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