Shri Kaushal Kishore Agarwal vs The Income Tax Officer And Ors on 9 November, 2016
4. He has also relied upon the decision of Punjab &
Haryana High Court in the case of Vishal Tools Industries
vs. CIT reported in (2012) 81 CCH 0097 PHHC and contended
that in view of the decision of Punjab & Haryana High
Court the assessee is entitled for benefit of netting off
and he has also relied upon decision in the case of CIT
vs. High Polymer Labs Ltd. reported in (2012) 81 CCH 0046
(Delhi HC). and contended that in view of the decision of
Delhi High Court, the assessee is entitled to benefit
under 80 HHC and paragraph 7, 8 & 9 reads as under:-