1. The present appeal by the Appellant Assessee under Section 260A of the
Income Tax Act (‘Act’) is directed against the impugned order dated 27 th
February 2015 passed by the Income Tax Appellate Tribunal (‘ITAT’) in
ITA No.1191/Del/2012 for the Assessment Year (‘AY’) 2008-09.
3. The following questions of law are framed for consideration:
4. The Assessee is a private limited company engaged in the business of
manufacture and sale of home furnishings such as rugs, bath mats, blankets
etc. The Assessee set up a 100% Export Oriented Undertaking (‘EOU’)
which was an ‘eligible unit’ for the purposes of deductions under Section
10B of the Act. The Assessee commenced operations on 1st October 2002.
The Assessee filed its return of income for AY 2008-09 on 27th September
2008 declaring an income of Rs. 10,34,24,340. Inter alia, the Assessee
claimed deduction in respect of the income earned from the following
Source: Indian Kanoon