that trading activities of the
assessee are eligible for exemption under section 10AA of
the Act?
(B) Whether the Appellate Tribunal has erred in holding ... shall increase the deduction under section
10AA by ignoring that the documentary evidences have not
been furnished and that assessee's eligibility under section
order is correct when in
fact the exemption u/s. 10AA of the IT Act should be
based on total income to be computed ... Officer without appreciating that
assessee firm had taken undue benefits of section 10AA
of the Act by not claiming interest on Capital and
Remuneration which
Assessing Officer on account of
50% disallowance of deduction u/s.
10AA being excess claim by the
assessee amounting ... account of
50% disallowance of deduction under Section 10AA of
the Act, being excess claimed by the assessee and
assessed the total income
deduction on the profits and
gains derived from such business under section 10AA of
the Income Tax Act, 1961 ('the Act' for short ... after availing deduction of
Rs.179,06,89,136/ u/s. 10AA of the I.T.Act
1961. The income was assessed
Zone and the entire
export income is exempt from tax under section 10AA of
the Income Tax Act 1961 ('the Act' for short ... after claiming exemption of Rs.3.87 Crores
(rounded off) under Section 10AA of the Act. The
return of the assessee was taken in scrutiny
making addition on
account of disallowance of the deduction claimed under Section
10AA of the Act amounting ... premise
that the assessee firm had taken undue benefit of Section 10AA
of the Act by not claiming interest on the capital and
remuneration
Therefore, it will fall within the category of permitted increase. Then Section 10AA provides for another type of increase allowable to the landlord ... seems to have confined his reasoning only to permitted increase under Section 10AA and possibly under Section 10C, but has not considered the question
payment of permitted increases as contemplated by Sections 10, 10A 10AA, IOC, 10CC, 10D and 10 E of the Bombay Rents, Hotel and Lodging House ... this Court. These Sections are 7,9, 10, 10A(1) and (3), 10AA, 10C(1) (items (1) and (4) only), 1OC 2 10CC
leave salary. The Assessing Officer disallowed the claim holding that Section 10(10AA) of the Act which exempted such payment from inclusion in the total ... urged that, as leave salary falling within the provisions of section 10(10AA) of the Act has not been enumerated in second proviso, such payment
consideration. During the year, the assessee
firm had claimed exemption under Section 10AA of the
Page 4 of 10
Downloaded ... exemption under Section
10AA was disallowed by the Assessing Officer while
passing an assessment order for the assessment year
2013-14 and 2014-15. Accordingly
