Officer had allowed the
deduction under Section 80HHC of the Act without
reducing the deduction allowed under Section 80IA of
the Act, which is mandated ... withdrawn and
for the purpose of computing deduction u/s.
80HHC , deduction allowable u/s. 80IA has to
be reduced from the business profits. Since
Authority while granting the benefit of
deduction relying on sub-section (5) of Section 80IA of
the Act deducted the said profit and gains from ... provisions of sub-
section (5) of Section 80-IA , which are also required to
be read into Section 80-IB . Sections
assessee for its eligible business to allow
deduction under Section 80IA of the Act?
3
(ii) Whether on the facts and in eth
circumstances ... appellate
authorities were correct in holding that
the deduction under Section 80IA
windmiss wise instead of eligible
business wise, contrary to the provision
of section
passed an order under
Section 143(3) of the Act on 31.12.2007 and disallowed
the deduction claimed under Section 80IA ... done so viz., in Section 35AB , Section 35ABB , Section
35AC and Section 35AD as well as in 77 other Sections
assessee is with statutory body satisfying
condition set forth in section 80IA(4) when
BIAL is only a Company whose motive only
making profit ... holding that the assessee is
eligible for deduction under section 80IA(4)
despite holding that it has not entered into an
agreement with
appeal by
holding that the assessee is eligible for
deduction under section 80IA(4)(iii) of the
I.T. Act, 1961 even when the assessee ... benefits under
Section 80-IA.
8. In exercise of powers conferred by clause (iii)
of sub-section (4) of Section 80IA
notice issued under Section 148 of the
Act. The assessee filed revised return while withdrawing
the claim under Section 80IA of the Act in respect ... compliance to the notice under
Section 148 of the Act, has accepted its ineligibility to
claim deduction under Section 80IA of the Act which
shows
under Section 143(3) of the Act and by an
order dated 29.12.2010 disallowed the claim of
deduction of the assessee under Section 80IA ... exercise of powers conferred by clause (iii) of
sub-section (4) of Section 80IA of the Act, the Central
Government has framed the Scheme which
involved
and therefore, he is not entitled to the benefit of Section
80IA .
2. The case of the assssee is, it is engaged ... substitution is, what is applicable and not the
substituted Section. Sub-Section (4) of Section 80IA
earlier read as under:
(4) This section applies
Whether respondent-assessee was
entitled to claim deduction under Section
80IA(2)(iv)(c) of the Income Tax Act, 1961
relying upon the notification bearing ... Section
80-IA(2)(iv)(c) of the Act submitted that in order to claim
the benefit of deduction under Section 80IA
