2018 (6) TMI 1567

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..... , Sr.D.R. ORDER PER PRADIP KUMAR KEDIA - AM: The captioned appeal has been filed at the instance of the assessee against the order of the CIT(A)-II, Baroda ('CIT(A)' in short), dated 11.05.2015 arising in the assessment order dated 28.03.2013 passed by the Assessing Officer (AO) u/s.143(3) of the Income Tax Act, 1961; (the Act) concerning assessment year 2010-11. 2. The grounds of appeal rais .....

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..... nt is repaid and the same is accepted by the A.O. 4. Ld. Commissioner of Income Tax (Appeals)-2, Vadodara has erred in law and facts in denying the deduction u/s. 80IB(11A) on the portion of the eligible business profit enhanced on account of disallowances under sec. 40A(3) of Rs. 30,000/-. 5. The Ld. Commissioner of Income Tax (Appeals)-2, Vadodara has erred in law and in facts in denying t .....

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..... of the assessee that the assessee is eligible for corresponding deduction under s.80IB(11A) on account of disallowances made in the assessment 40A(3) and 43B of the Act since the eligible profit stood enhanced due to such disallowance. 5. As submitted on behalf of the assessee, we find that CBDT has addressed the aforesaid issue in favour of the assessee as per its Circular no.37/2016 dated 2nd N .....

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