TMI Blog2015 (7) TMI 1340X X X X Extracts X X X X X X X X Extracts X X X X ..... ch [ 2014 (10) TMI 171 - ITAT HYDERABAD ] the operative portion of which has been reproduced by ld. CIT(A) in her order, it is very much clear that the issue in dispute has been decided in favour of assessee by holding that assessee is entitled for deduction u/s 35(2AB ). Therefore, ld. CIT(A) having decided the issue by following the aforesaid order of Tribunal, we do not find any infirmity in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y is engaged in the business of manufacturing and sale of pesticides, biofertilizers and organic manures. For the AY under consideration, assessee filed its return of income on 30/09/2011 declaring total income of ₹ 9,88,24,270 under the normal provisions and book profit of ₹ 17,36,20,725 u/s 115JB of the Act. During the assessment proceeding, AO noticed that assessee while computing t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ee objected for the proposed disallowance, AO did not find merit in the same and ultimately completed assessment by disallowing the deduction claimed u/s 35(2AB). Being aggrieved of such disallowance, assessee preferred appeal before ld. CIT(A). 4. In the course of hearing of appeal before ld. CIT(A), assessee submitted that identical issue relating to disallowance of deduction claim ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... TAT in assessee s own case for AY 2009-10. On perusal of the order of the coordinate bench in ITA No. 385/Hyd/2014 dated 24/09/14, the operative portion of which has been reproduced by ld. CIT(A) in her order, it is very much clear that the issue in dispute has been decided in favour of assessee by holding that assessee is entitled for deduction u/s 35(2AB ). Therefore, ld. CIT(A) having decided t ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
