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
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
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
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
Assessing Officer with regard to disallowance of deduction u/s 80IC on manufacturing of
External Hard Disk and External DVD Writer and further enhancing ... income of the
assessee by disallowing the deduction u/s 80IC, entirely to the tune of Rs. 1,84,64,919/- as
claimed
justified
in deleting the disallowance of Rs. 29,43,718/- u/s 80IC of Income Tax Act, 1961 on
job work charges by simply relying ... justified
in deleting the disallowance of Rs. 16,05,289/- u/s 80IC of the Income-tax Act, 1961
in lieu of indirect benefit received
Appellate Authority wrongly and
illegally confirmed the disallowance of deduction U/s
80IC by an amount of Rs.24,98,964/- being the sale ... appeal,
the assessee has agitated the disallowance of deduction claimed u/s 80IC of
the Income-tax Act, 1961 (in short
argued that its profit is deductible u/s 80IC of the Act. He vehemently
submitted that once the profit from rendering of software development services ... elaborated that the profit of an assessee,
eligible for deduction under section 80IC , becomes tax neutral irrespective of its
quantum. He, therefore, urged that either
Assessing Officer to allow the
assessee's claim u/s.80IC as reopening was not valid being only
change of opinion, without appreciating that ... filed with Revenue, the assessee made an claim of deduction u/s
80IC w.r.t. Haridwar unit which was not originally claimed
