(Per : HONOURABLE MR.JUSTICE V. M. SAHAI) Heard learned counsel for the appellant.
ADMIT.
We formulate the following substantial questions of law which arises in these appeals:-
[A] Whether, on the facts and circumstances of the case for computing the income exempt u/s 80IB, the Appellate Tribunal was right in deducting from declared profit the amount of ineligible sale instead of profit on that sale.
[B] Whether, on the facts and circumstances of the case, the Appellate Tribunal was right in deciding the appeal without adjudicating the specific ground that in computing the amount of income eligible for exemption u/s 80IB the ld.AO had erred in treating sale price as the net profit.
Issue notice to the other side. Paper book be filed within 3 months.
[V.M.SAHAI, J.] [N.V.ANJARIA, J.] ..mitesh..
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