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Section 80IC in The Income Tax Act, 1961 80IC. [ Special provisions in respect of certain undertakings or enterprises in certain special category States. [Inserted

submitted by the assessee company: (a) As per the provisions of section 80IC (7) and 80IE(6) read with section 80IA (7) , every undertaking claiming ... Total Income, wherein the claim made by the assessee company u/s. 80IC and 80IE was verifiable

basis of sales turnover ratio, while computing deduction u/s 80IC . 7. The appellant prays that the order ... assessee has 2 units eligible to claim deduction of profit u/s 80IC of the Act i.e. i)Baddi and ii) Solan

claimed by the assessee u/s 80IB & 80IC of the Act out of profit derived from units set up in Jammu & Kashipur ignoring ... 80IB and (ii) deduction of Rs.2,05,80,440/- u/s 80IC of the Income Tax Act, 1961 even though the assessee

Commissioner viz. that the assessee is entitled for deduction under section 80IA / 80IC . In case depreciation is disallowed, then its eligible profit would increase ... will get higher deduction under section 80IA / 80IC . There is no prejudice to the Revenue because this exercise will be revenue neutral

claim of deduction under section 80IC on the interest received on margin money of Rs. 220282/- Misc. receipt of Rs. 1,14,089/- and sundry ... initial assessment year for claim of deduction u/s 80IC of the Act was A.Y. 2004- 05. The assessee filed its return of income

adjudicating the claim of the assessee regarding allowance of deduction u/s 80IC of the Act on interest reimbursement ... from the profits of the units eligible for deduction u/s 80IC of the Income Tax Act, 1961. 4. That

Tribunal erred in law in holding that benefit of deduction under section 80IC @ 100% of profit was not available to units set up after ... after 7.1.2003 would not be entitled to enlarged deduction under section 80IC of the Act @ 100% of profit, even on undertaking substantial expansion within

profits from the said unit are eligible for 100% deduction under Section 80IC of the Act from AY 2010-11. 3. The Petitioner states that ... been claimed exempt by the assessee u/s 80IC of the Act. However, this claim of the assessee is not correct, because assessee has filed

officer erred on facts and in law in disallowing deduction under section 80IC of the Act by an amount of Rs. 7.53 crores, being ... profit derived from such purchases was not eligible for deduction under section 80IC of the Act. 32.1 That the assessing officer erred on facts