Court :
INCOME TAX APPELLATE TRIBUNAL
Brief :
It was fairly conceded by the Ld.AR of the assessee that the issue involved is covered against the assessee by the decision of the special bench of the Tribunal rendered in the case of ACIT vs. Hindustan Mint & Agro Products Pvt. Ltd., as reported in 119 ITD 107 (Del.)(SB). Respectfully following the decision of the special bench of the tribunal both these grounds of the assessee are rejected because we find that while computing deduction allowable to the assessee u/s 80HHC, the Assessing Officer has reduced from business profit, the amount of deduction allowed by him u/s 80IB of Rs.1657300. This is in line with the decision of the special bench of the tribunal and hence both these grounds of the assessee are rejected.
Citation :
Vallabh Metal Inc., Lakri Fazalpur, Delhi Road, Moradabad. (PAN/GIR No.AAAAV0750B) (Appellant) Vs. ACIT, Range 1, Moradabad.(Respondent)
Subscribe to CCI PRO for unlimited access
Already a PRO member? Login here for an ad-free experience.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
T R SOOD & CO
New Delhi
CA Inter
View Details
SSGS and Associates
Chennai
CA Inter
View Details
SMJ global advisors pvt ltd
New Delhi
B.Com
View Details
CAclubindia
