S. 80-I deduction not available on Bank Interest & transportation

HIGH COURT OF DELHI Krishak Bharati Co-operative Ltd. v/s. Commissioner of Income-tax IT APPEAL NOs. 1280 OF 2007 AND 955 OF 2008 APRIL 23, 2012 ORDER 1. Having heard learned counsel for the parties in these two appeals, which pertain to the assessment years 1993-94 and 1994-95, we are inclined to frame the following substantial question of law:- “Whether the Income Tax Appellate Tribunal was right in holding that the Commissioner of Income Tax had rightly invoked and exercised jurisdiction under Section 263 of the Income Tax Act, 1961?” 2. We have heard learned c...