COMMISSIONER OF INCOME TAX Vs. MAHESH CHANDRA SHARMA

JUDGEMENT

(1.) THE Revenue has preferred this appeal under Section 260A of the IT Act, 1961 (in short, 'the Act'), against the order dt. 16th March, 2007 passed by the Tribunal, Delhi Bench 'I', New Delhi in ITA No. 83/Del/2005 for the asst. yr. 2001 -02, proposing to raise following substantial questions of law:

(2.) THE assessee claimed deduction under Section 80 -IB which was disallowed by the AO on the ground that assembling/job work done by the assessee did not amount to manufacturing activity, which was a condition for claiming deduction under Section 80 -IB of the Act. The CIT(A) upheld the claim of the assessee, which has been affirmed by the Tribunal.

(3.) BEARING