Deduction claimed u/s 10A of the IT Act

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Last updated: 24 July 2021
Quick Summary
The Income Tax Appellate Tribunal (ITAT) Hyderabad Bench has condoned a 154-day delay in filing an appeal by M/s Annapurna Business Solutions. The appeal concerns an assessment for AY 2011-12, where the Principal Commissioner of Income Tax (Pr.CIT) had initiated proceedings under Section 263. The Pr.CIT questioned the Assessing Officer's assessment, citing two main issues: the handling of funds related to H1B visa processing by the assessee and the allowance of a Section 10A deduction without proper verification.

Court :
ITAT Hyderabad

Brief :
This Assessee’s appeal for A.Y. 2011-12 arises against the Pr.CIT(Central) Hyderabad’s order dated 17.03.2015 passed in case no. CIT(Central)/263/8/14-15, involving proceedings u/s 263/144 of the Income Tax Act, 1961 [ in short ‘the Act’]. Heard both the parties. Case file perused.

Citation :
I.T.A. No. 97/Hyd./2016

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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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