TMI Blog2018 (1) TMI 900X X X X Extracts X X X X X X X X Extracts X X X X ..... urt in CIT Vs. M/s. Aditya Birla Nuvo Ltd. (2017 (3) TMI 876 - BOMBAY HIGH COURT). Head Office expenses cannot be allocated to profits derived from 100% export oriented units falling under Section 10B - Held that:- Tribunal has allowed the Respondent-Assessee's Appeal by following decision of its coordinate bench in the case of Grasim Industries [2012 (8) TMI 989 - ITAT MUMBAI]. No substantial ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt ORDER 1. This Appeal under Section 260A of the Income Tax Act, 1961 ( the Act for short) challenges the order dated 30 June 2014 passed by the Income Tax Appellate Tribunal ( Tribunal for short). The impugned order dated 30 June 2014 relates to the assessment year 2002-03. 2. The Revenue has urged the following questions of law for our consideration: 1. Whether on the facts an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed to profits derived from 100% export oriented units falling under Section 10B of the Act? 5. Whether on the facts and in the circumstances of the case and in law, the Tribunal was right in restricting the disallowance under Section 14A of the Act to ₹ 1,87,954/? 3. Re. Question 2: (a) It is the agreed position between the parties that the issue arising herein stands concluded ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (CIT Vs. M/s. Aditya Birla Nuvo Ltd. order dated 23 February 2017) (b) In the above view for the reasons indicated in our above order dated 23 February 2017, question 3 herein does not give rise to any substantial question of law. Thus, not entertained. 5. Re. Question 4: (a) We note that the impugned order dated 30 June 2014 of the Tribunal has allowed the Respondent-Assessee's Appe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... any substantial question of law. Thus, not entertained. 6. The Appeal admitted on the substantial questions of law at Nos. 1 and 5 above. 7. The Respondent waives service. 8. Registry is directed to communicate a copy of this order to the Tribunal. This would enable the Tribunal to keep papers and proceedings relating to the present Appeal available, to be produced when sought for by the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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