Supplier Private Ltd.
and the denial of benefit of deductions under Section 80IC of the
Income Tax Act, 1961 2 on the income ... period the ITSC
concluded that the Petitioner cannot claim deduction under
Section 80IC of the Act. The ITSC also declined to interfere with
the addition
Supplier Private Ltd.
and the denial of benefit of deductions under Section 80IC of the
Income Tax Act, 1961 2 on the income ... period the ITSC
concluded that the Petitioner cannot claim deduction under
Section 80IC of the Act. The ITSC also declined to interfere with
the addition
after claiming
deduction of Rs.1,21,59,856/- under Section
80IC of the Income Tax Act, 1961 (for short ... called for various
details including details in relation to
deduction under section 80IC of the Act.
5.2. The assessee responded to said notice by
furnishing
deleting the disallowance of Rs.2,96,26,413/- under section 80IC
ignoring the fact that transaction was sham and purpose of
following the circuitous ... Systems
(India) Ltd. was to get the benefit of deduction under section 80IC?
2.2 Whether the ld. ITAT erred in upholding the decision
Revenue's latter arguments based on inter-play of
impugned section 80IC deduction provision vis-à-vis operation of the
restrictive covenant enshrined ... settled legal principles to avert to the
taxpayer's impugned section 80IC deduction claim. There is hardly any
dispute by now that
company and as such assessee was not
eligible for deduction under section 80IC of the Income Tax
Act, 1961?
(ii) Whether on the facts ... before Tribunal. First,
whether deduction claimed by the respondent/assessee under Section 80IC
of the Income Tax Act, 1961 [in short
company and as such assessee was not
eligible for deduction under section 80IC of the Income Tax
Act, 1961?
(ii) Whether on the facts ... before Tribunal. First,
whether deduction claimed by the respondent/assessee under Section 80IC
of the Income Tax Act, 1961 [in short
Revenue's latter arguments based on inter-play of
impugned section 80IC deduction provision vis-à-vis operation of the
restrictive covenant enshrined ... settled legal principles to avert to the
taxpayer's impugned section 80IC deduction claim. There is hardly any
dispute by now that
Revenue's latter arguments based on inter-play of
impugned section 80IC deduction provision vis-à-vis operation of the
restrictive covenant enshrined ... settled legal principles to avert to the
taxpayer's impugned section 80IC deduction claim. There is hardly any
dispute by now that
Revenue's latter arguments based on inter-play of
impugned section 80IC deduction provision vis-à-vis operation of the
restrictive covenant enshrined ... settled legal principles to avert to the
taxpayer's impugned section 80IC deduction claim. There is hardly any
dispute by now that
