Bench: Shri Pradip Kumar Choubey\Nand Shri Sanjay Awasthi\Nita No. 1891/Kol/2024\N Assessment Year: 2017-18\Nm/S. La Opala Rg Ltd.\N8Th Floor, Premises No.803 &\N804 Eco Centre Em-4,\Nsector-V, Kolkata-91.\N(Pan: Aaacl5569J)\N(Appellant)\Ndcit, Circle-11(1) (Formerly\Ncircle-12(1), Kolkata)\Nvs.\N(Respondent)\Npresent For:\Nappellant By : Shri A. K. Tulsyan, Fca\Nrespondent By : Smt. Monalisha Pal Mukherjee, Jcit, Sr. Dr\Ndate Of Hearing : 30.04.2025\Ndate Of Pronouncement : 06.05.2025\Norder\Nper Sanjay Awasthi:\Nthe Present Appeal Emanates From Order Passed U/S.250 Of The\Nincome Tax Act, 1961 (Hereinafter Referred To As The “Act”) On 31.07.2024\Nby Ld. Cit(A), Nfac, Delhi.\N1.

80E of the Act, have been replaced by ‘Industrial\nundertakings' in section 80-I of the Act. It clearly means that as per\nthe Hon'ble Supreme Court's decision in Cambay Electric Supply\nIndustrial Co. Ltd. case (supra) receipts from the actual conduct of\nbusiness of the industrial undertaking, are the profits and gains\nderived therefrom. Otherwise also