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2013 (1) TMI 788 - ITAT CHENNAIEligibility for the claim of deduction u/s.80IA - Held that:- An undertaking to be regarded as small scale industrial undertaking there must not have investment in plant and machinery exceeding ₹ 1 crore u/s 11B at the end of the previous year - simply because in a earlier year an assessee had satisfied the condition of small scale undertaking, it cannot ipso facto be taken that the assessee would be regarded as small scale industrial undertaking in the subsequent years also - it is observed that the assessee’s investment in plant and machinery exceeded the limit specified u/s 11B of the Industries (Development and Regulation) Act - Hence the deduction is not allowed - decided against the assessee
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