2013 (4) TMI 960

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... directed against an order dated 15.12.2010, its grievance is that the CIT(Appeals) failed to consider the decision of Hon'ble jurisdictional High Court in the case of Visvas Promoters (P) Ltd. v. ITAT (323 ITR 114), while allowing deduction of ₹ 3,58,91,270/- to the assessee under Section 80-IB(10) of income-tax (in short 'the Act'). 2. Facts apropos are that assessee s claim .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ned A.R. submitted that the issue stood resolved in favour of assessee by virtue of the decision of Hon'ble jurisdictional High Court in the case of CIT v. Sanghvi and Doshi Enterprise [TC(A) Nos. 581 582 of 2011 and 314 315 of 2012 M.P. No. 1 of 2011 dated 1.11.2012]. 5. Per contra, learned A.R. fairly agreed that the issue of pro rata deduction under Section 80-IB(10) as on date sto .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X