Tag: deduction u/s 80IB

S.C : The petitioner was not entitled to deduction under Section 80-IC of the Act by virtue of provision sub-section (6), when the same was not even applicable to the petitioner

Supreme Court Of India Mahabir Industries vs. Pr.CIT A. K. Sikri & Ashok Bhushan, JJ. Section 80-IA, 80-IC, 80-IB Asst. Year 1998-99 & 1999-2000 Civil Appeal No(S). 4765-4766 OF 2018, 4767 OF 2018 18th May, 2018 Counsel Appeared: Textile Machinery Corporation Limited, Calcutta v. The Commissioner of Income Tax, West Bengal, Calcutta, (1977) 2 SCC 368 …

S.C : Even though eligible business is given benefit of deduction under section 80-IB on account of assessee satisfying conditions mentioned in sub-section (2) of section 80-IB, yet benefit of said deduction can be denied subsequently having regard to fact that assessee ceased to be a small scale industry during ten consecutive years

Supreme Court Of India DCIT, Circle 11(1), Bangalore vs. ACE Multi Axes Systems Ltd. Section 80-IB Ranjan Gogoi, Adarsh Kumar Goel And Navin Sinha, JJ. Civil Appeal Nos. 20854 To 20857 Of 2017 December  5, 2017  JUDGMENT Adarsh kumar Goel, J. – Leave granted. This appeal has been preferred against the judgment and order dated 28th …

Jammu & Kashmir H.C : The Assessee was not involved in the activity of manufacture when the Assessee was converting raw 24 carat gold into 22 carat gold ornaments

High Court Of Jammu And Kashmir Pr.CIT vs. Lakesh Handa Section 80-IB Badar Durrez Ahmed And Ali Mohammad Magrey, JJ. IT Appeal No. 2 Of 2016 August  10, 2017  JUDGMENT Badar Durrez Ahmed, Chief Justice – Despite notice nobody appears on behalf of the respondent-Assessee. 2. We have heard Mr. Kawoosa, who appears on behalf of the …

Himachal Pradesh H.C : Condition specified in Section 80-IB(2)(iv) of the IT act can be said to be substantially complied with, even though the number of workers is less than ten during seven months of the year

High Court Of Himachal Pradesh CIT, Shimla Vs. Him Knit Feb. Section 80-IB Sanjay Karol, ACTG. CJ. And Sandeep Sharma, J. IT Appeal No. 34 Of 2009 August 3, 2017 JUDGMENT Sanjay Karol, Actg. CJ. – The appeal came to be admitted on the following substantial question of law:- “Whether the condition specified in Section 80-IB(2)(iv) …

Rajasthan H.C : Assessee as the developer and thereby allowing deduction u/s 80IB(10) of Rs.1,01,86,533/-, ignoring the specific development agreement entered into by him merely as land owner with another developer to execute and construct the flats on the land of the assessee

High Court Of Rajasthan Pr. CIT vs. Prem Kumar Sanghi Section : 80IB(10)(a) K.S. Jhaveri & Inderjeet Singh, JJ. D.B. Income Tax Appeal No. 146 / 2017 & 114 / 2016 19th July, 2017 Counsel appeared: Anuroop Singhi, Aditya Vijay for the Petitioner.: Siddharth Ranka, Sourabh Harsh for the Respondent. JUDGMENT In both these appeals common …

Gujarat H.C : The assessee has filed the return of income for A.Y. 2005-2006 on 31/10/2005 showing total income of Rs. Nil after claiming deduction of Rs.86,90,981/- u/s. 80IB(10) of the Income-tax Act, 1961.

High Court Of Gujarat Amaltas Associates vs. ITO Section : 80-IB Assessment Year : 2005-06 Akil Kureshi And A.J. Shastri, JJ. Special Civil Application No. 15175 Of 2010 October 4, 2016 JUDGMENT Akil Kureshi, J. – The petitioner has challenged a notice dated 30.06.2009 issued by the respondent Assessing Officer to reopen the petitioner’s assessment for …

Gujarat H.C : Whether the Appellate Tribunal is right in law and on facts in allowing the deduction claimed by the assessee u/s. 80IB (10) of the Income Tax Act ?

High Court Of Gujarat CIT-IV vs. Amaltas Associates Section 80-IB Akil Kureshi And A.J. Shastri, JJ. Tax Appeal No. 1372 Of 2011 October 4, 2016 JUDGMENT Akil Kureshi, J. – Tax Appeal was admitted for consideration of following substantial question of law: “Whether the Appellate Tribunal is right in law and on facts in allowing the …

Bombay H.C : Not allocating the research expenses and interest expenses to various units for calculating allowable deduction under Section 80IB and 80IC of the Act

High Court Of Bombay CIT-1, Mumbai vs. Hindustan Unilever Ltd. Section 92C M.S. Sanklecha And A.K. Menon, JJ. IT Appeal No. 1873 Of 2013 July 26, 2016 ORDER 1. This Appeal under Section 260-A of the Income Tax Act, 1961 (the Act) challenges the order dated 10th December, 2012 passed by the Income Tax Appellate Tribunal …
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