We have heard Ms. Paurami Sheth, learned Central Government Standing Counsel appearing for the revenue. 2. This Tax Appeal has been filed on the following two proposed substantial questions of law :-
“[A] Whether the Appellate Tribunal is right in law and on facts in directing to exclude (i) Rs.10.87 Lacs for security expenses (ii) Rs.60.36 Lacs as Salary paid to Mr. Dutt (iii) Municipal tax of Rs.1.14 Lacs & (iv) Building expenses of Rs.46.20 Lacs for computation of deduction u/s. 35(2AB) of the Act ?
[B] Whether the Appellate Tribunal is right in law and on facts in holding that the disallowance made in respect of RD equipments for the purpose of weighted deduction u/s. 35(2AB) of the Act ?”
3. Ms. Paurami Sheth very fairly states that this Tax Appeal is squarely covered by a Division Bench decision of this Court dated 11.11.2008 in Tax Appeal No.701 of 2008 in The Commissioner of Income Tax-IV v. Torrent Pharmaceuticals Limited. Accordingly, we are of the opinion that no substantial questions of law arise for consideration of this Court. This Tax Appeal is dismissed.
Sd/-
[V. M. SAHAI, J.] Sd/-
[N. V. ANJARIA, J.] Savariya