meanings respectively assigned to them in clause (b) and clause (a) of section 80-ID(6) of the Income-tax Act, 1961; (ii) "permitted machinery ... assigned to it in section 2(zc) of the Special Economic Zones Act, 2005. [ Similar to Section 115BA , Section 115BAA , Section 115BAB , Section 115BAD
section (5), the requirements contained in sub-section (1) shall be modified to the extent that the deduction as referred to in section 147 shall ... contained in section 205(2)(b) or (c) or (d), such person may exercise the option under this section. [ Similar to Section 115BAA from
virtue of Section 10B of the Act, then the correctness of the claim has already been verified under Sub-section (5) of Section ... filed under Section 10B(5) of the Act would become falsified and would stand to be nullified. However, the provisions of Section 115BAA
Form 10IC as
required under the provisions of Sub-section
(5) of Section 115BAA of the Act in the
prescribed manner and therefore, the
petitioner ... language of the Section 10B(8) of the
Act is pari materia to that of the Sub-section
(5) of Section 115BAA
Form 10IC as
required under the provisions of Sub-section
(5) of Section 115BAA of the Act in the
prescribed manner and therefore, the
petitioner ... language of the Section 10B(8) of the
Act is pari materia to that of the Sub-section
(5) of Section 115BAA
There is no ambiguity in the language of Sub-section (5) of Section
115BAA of the Act. It clearly provides that the section would ... strictly in accordance with the terms of
Sub-section (2) of Section 115BAA of the Act. However, in our view, the
same would
served with any intimation under Section 143(1) of the
Act, denying the option of income tax under Section 115BAA of the Act. The
petitioner ... under Section 119(2)(b) to permit the petitioner to file Form 10-IC
in support of its exercise of option under Section 115BAA
date
specified under section 139(1) of the Act;
b) The assessee company has opted for taxation under
section 115BAA of the Act in item ... date specified under section 139(1) of the Act is not a
condition precedent for claiming benefit under section 115BAA
provisions of section 10AA or clause (iia) of
sub-section (1) of section 32 or section 32AD or section 33AB or section 33ABA ... section (1) or sub-section (2AA) or
sub-section (2AB) of section 35 or section 35AD or section 35CCC or section 35CCD or
under
violating the provisions of
section 115JAA , thus fails to satisfy the conditions contained in sub-
section (2) of section 115BAA , accordingly the option shall become ... However, in terms proviso to sub-section (1) r.w.
sub-section (2) of Section 115BAA , there are certain conditions imposed on
the assessee which
