Asse ssment Year : 20 10- 201 1
deduction u/s.80IB(11A) should be allowed for the year under appeal. He
submitted that ... relief u/s 80IB(11 A), in respect of the new warehouses put to use
after the introduction of sec 80IB(11A
which is not
eligible business in terms of 80IB(1) for claiming deduction u/s 80IB(11A).
11. Justifying the observations of the ld. Assessing ... separate provision of deduction u/s 80IB for manufacturing
concerns and section 80IB(11A) is not the provision meant for such
manufacturing activity; that
have allowed the claim of the assessee u/s. 80IB (11A) of the Act amounting ... establish his eligibility for the claim
of deduction u/s. 80IB(11A) of the Act. In response to which, the assessee
vide his letter
80IB(13) of the Act.
5.3 No separate books of accounts were maintained in respect of
business activity for which deduction u/s 80IB(11A ... 80IB by giving various reasons which can be summarized as
under:
(i) He referred to the provisions of section 80IB(11A) and
explanatory notes
reduced while making the addition /
adjustment.
Disallowance of Deduction U/s 80IB(11A)
5. That in view of the facts and circumstances of the case ... holding that the assessee is not
entitled to deduction under section 80IB(11A) of Rs.
2,15,30,363/-.
5
5.1 That in the absence
discount) amounting to
Rs1,13,499/- eligible for deduction u/s 80IB(11A) of the Income
Tax Act, 1961 ('the Act') after holding ... partnership deed
from the eligible profit to claim deduction u/s 80IB(11A)
of the Act.
ITA No. 750/Ahd/2014 3
Asst. Year
80IB of the I.T. Act in relation to all the
eligible business activity which qualify for deduction
u/s 80IB (11A) . The assessee have ... 80IB of the I.T. Act in
relation to all the eligible business activity which qualify for
deduction u/s 80IB (11A) . The assessee have
observed that the deduction u/s
80IB(11A) of the Act does not mention anything about
manufacturing and trading of edible oil products. Therefore ... 80IB of the Act, i.e it is formed by
demerger and therefore, is not eligible for deduction u/s
80IB(11A
been claimed as deduction under section 80IB
(11A) of the I T Act, 1961.
3. The assessee during the course of assessment proceedings has
filed ... transportation of food grains which is an eligible business u/s
80IB(11A) of the Act.
4. Ld. AO after discussing the provision of Section
Assessing Officer for the claim of deduction u/s 80IB(11A)
amounting to Rs. 16,74,407/- without following the rule of
natural justice which ... assessee's business was not
eligible for deduction u/s.80IB(11A) of the Act and disallowed the claim of
the assessee
