Criteria to claim deduction u/s.10A and 10B of the Income Tax Act
Last updated: 12 June 2021
Court :
ITAT Delhi
Brief :
Aggrieved the order dated 01.01.2019 passed by the learned Commissioner of Income Tax (Appeals)-14, Delhi ("Ld. CIT(A)") confirming the order dated 30.01.2017 passed u/s.143(3) r.w.s. 263 of the Income Tax Act, 1961 ("the Act") by the ITO, Ward 41(5), Delhi ("AO"), whereunder while disallowing the claim for deduction u/s.10B of the Act,the learned Assessing Officer assessed the income of the assessee at Rs.6,39,58,019/- as against the returned total income of Rs. NIL and raised a demand of Rs.2,68,77,750/-.
Citation :
ITA No.1859/DEL/2019
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