TMI Blog2006 (12) TMI 100X X X X Extracts X X X X X X X X Extracts X X X X ..... d facts are involved in both these appeals. The facts are being taken from I. T. A. No. 81 of 2006. The instant appeal has been filed by proposing the following questions of law for consideration: "(a) Whether on the facts and in the circumstances of the case the hon'ble Income-tax Appellate Tribunal erred in law in confirming the order of the Commissioner of Income-tax (Appeals) in holding th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d made a claim of Rs. 27,61,348 under section 35 of the Income-tax Act, 1961 (hereinafter referred to as "the Act"). The total cost of assets on account of scientific research has been given as Rs. 36,57,523. The total cost of land and depreciation thereon have been quantified as Rs. 1,50,350 and Rs. 7,45,825 respectively. The net claim of Rs. 27,61,348 has been made. A reference had been made to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Income-tax Appellate Tribunal, Delhi Bench, New Delhi. The appeal has been dismissed, vide order dated June 27, 2005, which has been questioned in the instant appeal by way of proposing the aforesaid questions of law. The question considered by the Tribunal is : Whether as per the provisions of section 32AB of the Act, the profits of the business eligible for deduction under the said provision ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... that the order under section 154 of the Act, had been wrongly passed by the Assessing Officer. The order of the Commissioner of Income-tax (Appeals) has been upheld. Learned counsel for the appellant has not been able to address any meaningful argument to controvert the view taken by the Commissioner of Income-tax (Appeals), which has been further affirmed by the Tribunal. The contention is th ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
