imposing the penalty under section 271(1)(c) of the IT Act 1961 on claim of
deduction under section 80IC on the interest received ... wrong deduction under section 80IC , claim of currency
fluctuation, on disallowance of interest under section 14A , and claim of
deduction on the interest received
applying the
provisions of section 80IA(8) read with section 80IC(7) of the Act, on the ground
that deduction under the former section needs ... claim of deduction under section 80IC of
the Act.
38.4 That the Assessing Officer failed to appreciate that Section 80IC was an
independent and self
relating to discovery
and research expenditure while computing profit eligible for deduction under
section 80-IC of the Act in respect of Baddi Unit ... same should not
be allocated and the deduction u/s. 80IC should not be reduced.
In this regards, it may be noted that the assesses
under Sec.145A . Rs.1,16,08,088/-.
6. Disallowance under Sec.14A . Rs.5,59,06,129/-
7. Disallowance of deduction claimed under Sec ... Sec.80IC
10. Disallowance of the deduction under Sec.80IC by holding Rs.274,14,16,642/-
the assessee as ineligible for claim
80IC to allow the deduction @
30% in this year being the first year of claim of deduction
under section 80IC ... deduction under section 80IB , the assessment year
under appeal i.e. 2007-08 would be the first year for claim
of deduction under section 80IC
assessed under section 143(3) of the
Act at Rs. 9,17,43,743/-.
3) The appellant had claimed deduction under section 80IC ... above two
components for computing deduction under section 80IC and upheld
the balance curtailment under section 80IC made by the Assessing
Officer which order deserves
been allowed deduction under section 80IB of the Act for five
years and therefore, it should not be allowed deduction under section
80IC ... period of
deduction under this section, or under the second proviso to sub-
section (4) of section 80-IB or under section
deduction of Rs.6,52,83,501/-.
7. He further disallowed a sum of Rs.2,53,03,898/- for deduction
under section 80IC ... also eligible for
deduction under section 80IC of the Act. He deleted the disallowance
under section 14A of the Act restricting it to investment
claim of deduction under section
80IC of the Act on job work charges. Further deduction
u/s 80IC was also allowed on insurance claim received ... claim of deduction under section
80IC of the Act on job work charges. Further deduction
u/s 80IC was also allowed on insurance claim received
order of Ld. CIT(A)
in not allowing benefit of deduction under section 80IC of the
I.T. Act, 1961.
2
ITA.No.6016 ... assessee filed
return of income declaring NIL income after claiming deduction
under section 80IC of the I.T. Act. The assessee is a firm
consisting
