TMI Blog2018 (4) TMI 1694X X X X Extracts X X X X X X X X Extracts X X X X ..... e 9th year of production - HELD THAT:- Assessee's claim of deduction u/s 80IC to the extent of 100% of eligible profits from the manufacturing activity was limited to 25% by the AO and the CIT(A) relying upon the decision in the case of Hycron Electronics V ITO [ 2015 (6) TMI 725 - ITAT CHANDIGARH] confirmed the order the tax authorities taking into consideration the fact that the assessee st ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or the Appellant : Shri Manoj Kumar For the Respondent : Shri Manu Malik, CIT-DR ORDER PER DIVA SINGH The present appeal has been filed by the assessee assailing the correctness of the order dated 29.09.2016 of CIT(A)-2 Gurgaon pertaining to 2011-12 assessment year on the following grounds: 1. The Id. CIT(A) is wrong in disallowing the benefit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed 28.11.2017 in the case of M/s Stove Craft India Versus CIT-V and others in ITA 20 to 24/2015, the appeal may be allowed. The ld. Sr.DR relies upon the impugned order. 3. We have heard the rival submissions and perused the material on record. On perusal of the same, it is seen that the assessee is engaged in the manufacturing of laminated and pre-laminated boards at Kala Amb, Sirmour ( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... onal High dated 28.11.2017 in the case of M/s Stove Craft India Versus CIT-V and others in ITA 20 to 24/2015 the issue is no longer res-integra. 8Accordingly, the case is remitted back to the file of the AO with the direction to give necessary relief in accordance with law after giving the assessee a reasonable opportunity of being heard in terms of the decision of the jurisdictional High Court. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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