M/S SUBEX LTD vs. THE COMMISSIONER OF INCOME TAX-III,

In the result, appeal is partly allowed as indicated

Bench: S.SUJATHA,RAVI V HOSMANI

disallowed. The High Court of Gujarat in Deep Industries Ltd., supra has recorded the submissions advanced by the learned counsel for the respective parties. It is observed that the Commissioner of Income Tax has invoked Section 263 of the Act on the ground that the assessee had wrongly claimed the deduction under Section 35D

COFFEEDAY GLOBAL LTD. vs. ADDITIONAL COMMISSIONER OF INCOME TAX