Itxa/1112/2013 Of The Commissioner Of Income Tax (Central ) Pune v. M/S Praj Industries Ltd

IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL (L) NO.286 OF 2013 The Commissioner of Income Tax(Central) Pune..Appellant.V/s.M/s. Praj Industries Ltd...Respondent. Mr. Tejveer Singh, for the Appellant.Mr. Mihir Naniwadekar, for the Respondent. P.C:- CORAM: J.P.DEVADHAR & M.S.SANKLECHA,JJ.DATE : 12[th] MARCH, 2013. In this Appeal by the Revenue for the Assessment Year 2007-08, following question has been raised for our consideration. Whether on the facts and circumstances of the case and in law, the Tribunal was correct in holding that assessee is eligible to claim deduction under Section 10A/10B on enhanced profit due to statutory disallowances? 2Since the Tribunal has allowed the claim of the Respondent- Assessee by following the decision of this Court in the matter of CIT v/s. Gem Plus Jewellery India Ltd. reported in 330 ITR 175, we see no reason to entertain the proposed question of law. S.R.JOSHI (M.S.SANKLECHA,J.) (J.P.DEVADHAR,J.)