Reassessment to disallow deduction u/s. 80HHC based on audit objections & reappraisal of details furnished not valid

ITAT HYDERABAD BENCH ‘B’ Deputy Commissioner of Income-tax Versus Lee Pharma (P.) Ltd. IT Appeal No. 1236 (Hyd.) of 2010 [ASSESSMENT YEAR 2004-05] JUNE  8, 2012 ORDER Smt. Asha Vijayaraghavan, Judicial Member – This appeal filed by the Revenue is directed against the order of the Commissioner of Income-tax (Appeals)-V, Hyderabad, dated July 6, 2010, for the assessment year 2004-05. 2. The assessee-company engaged in manufacturing of bulk drugs and intermediates, filed its return of income for the assessment year 2004-05 on October 28, 2004 declaring total ta...