Chennai Court November 2012 Judgments

The Commissioner of Income Tax, Business Ward Xv(3) Vs. M/S. Sanghvi a ...

Court: Chennai

(APPEALs under Section 260-A of the Income Tax Act against the order dated 17.6.2011 made in I.T.A.Nos.259 & 260/Mds/2010 on the file of the Income Tax Appellate Tribunal, 'A' Bench for the assessment years 2005-06 and 2006-07.) COMMON JUDGMENT: Both the assesseeas well as the Revenue have filed appeals as against the common order of the Income Tax Appellate Tribunal relating to the assessment years 2005-06 and 2006-07. 2. As far as Revenue's Appeals (T.C.(A)Nos.581 and 582 of 2011) are concerned, at the time of admission, the following substantial questions of law were admitted by this Court for consideration: "1. Whether on the facts and circumstances of the case, the tribunal was right in deciding the eligibility of deduction without considering the mandatory conditions stipulated u/s.80IB and 80IB(10) of the I.T.Act? 2. Whether on the facts and circumstances of the case, the Tribunal was right in not giving any finding about the difference between developers, builders a...