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
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
erred in law by allowing deduction to the assessee
u/s 80IC to the tune of Rs. 4,67,93,495/- for her Dehradun Unit ... fulfilled all the conditions required for
claiming deduction u/s 80IC in the year under consideration and
ignored the other circumstantial evidences relied upon
Mahindra & Mahindra Ltd, Mumbai vs Acit Cir 2(2)2, Mumbai on 19 June
ground No. 3, assessee challenged the
disallowance of deduction under section 80IC of the
Income Tax Act to the tune ... that it is case of the
Assessing Officer that deduction under section 80IC of
the Act was not eligible to the assessee as no return
action of Ld. A.O. in
reducing the deduction u/s 80IC of the Income Tax Act, 1961 by
partly allowing the pleas ... thus needs to be quashed and the claim of deduction u/s 80IC
be allowed in full as so claimed by the appellant company
being
2016 dated 02.11.2016 contended that
benefit of deduction u/s 80IC is admissible on profits
enhanced by disallowance made ... assessee is entitled to claim
benefit of statutory deductions u/s 80IC on additional
income arising from disallowance of claim of
depreciation
Income while computing deduction u/s
2 ITA No. 3564/Del./2010
80IC on the ground that the assessee can not benefit ... addition
made by A.O. on account of deduction claimed u/s 80IC on the amount of Rs.
35,77,659/-.
3 ITA No. 3564
facts and in law in partly disallowing
claim of deduction under section 80IC to the extent of
Rs.2,20,89,180 by reducing profits ... units by applying the provisions of section
80IA(8) read with section 80IC(7) of the Act. f
2.3 Without prejudice that the TPO erred
rejecting the valid claim of the assessee u/s 80IC
of the Income-tax Act, 1961.
3 On the facts and in the circumstances ... filed return of
income declaring nil income after claiming deduction u/s 80IC
amounting to Rs. 23,67,692/-. The claim of deduction
