Deduction u/s.80IB not available on Duty drawback and DEPB receipts

M/s. Vishal Tools & Forgings P. Ltd. Vs. The Deputy. Commr. Of Income tax  (ITAT Amritsar) I.T.A. No. 256(ASR)/2010. (Assessment year : 2001- 02)                           ORDER.  Per H.L. Karwa, Vice President. This appeal by the assessee is directed against the order of the CIT(A), Jalandhar dated 23-3-2009, relating to the assessment year 2001-02. 2. Ground No.1 reads as under:- “That the ld. CIT(A) has erred in upholding the assumption of jurisdiction for re-assessment and also the validity of the assessment order. The submissions made h...