(1.) This tax appeal under s. 260A of the IT Act, 1961 (for short, 'the Act'), is at the instance of the assessee and is directed against the order passed by the Tribunal, Ahmedabad 'A' Bench, Ahmedabad, dt. 18th June, 2018 in the ITA No. 587/Ahd/2017 for the asst. yr. 2013-14.
(2.) This tax appeal came to be admitted on the following two substantial questions of law:
(3.) We proceed to consider the first question as regards the deduction of Rs. 40,74,793 under s. 54F of the Act.