2017 (5) TMI 1485

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..... nged the judgment of the Tribunal whereby the Tribunal has dismissed the appeal of the Department. 2. While admitting the appeal, this Court framed the following substantial question of law: "1. Whether on the facts and circumstances of the case, the tribunal was justified in deleting the addition of Rs. 1,89,29,835/- and accepting the gross profit declared by the assessee, ignoring the fact th .....

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..... cer and allowing deduction u/s 10B on the entire profit?" 3 Heard learned counsel for the parties. 3.1 It is not in dispute that controversy involved in this case is squarely covered by the decision of this Court in CIT, Jaipur-II, Jaipur Vs. M/s Aditya Gems, D.B. Income Tax Appeal No. 234/2008, decided on 2.11.2016, wherein it has been held as under: "Considering the law declared by the Supre .....

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