M/S.ABAD FISHERIES,COCHIN vs. THE ACIT, COCHIN

In the result, the appeal filed by the assessee is dismissed

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

2) The CIT(A) ought not to have rejected the claim for exemption u/s. 10B. None of the reasons stated by the CIT(A) justify the confirmation of the disallowance. The main observations of the CIT(A) are contrary to the facts and circumstances of the case. 3) The CIT(A) had gone wrong in confirming income of Rs.42

M/S.US TECHNOLOGY INTERNATIONAL P. LTD,TRIVANDRUM vs. THE JCIT, TRIVANDRUM

In the result, the appeal filed by the assessee is allowed