Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2016 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (12) TMI 1767 - ITAT CHANDIGARHBenefit of substantial expansion u/s 80IC(2) denied - CIT(A) restricting deduction to 25% instead of 100% claimed by the appellant in the sixth year of operation of new industrial undertaking - HELD THAT:- In the present case, it is noticed that the CIT(A) denied the claim of the assessee by following the decision of M/s Hycron Electronics (2015 (6) TMI 725 - ITAT CHANDIGARH) where in held as s entitled to only 25% of deduction during the present year because the assessee has already availed the period of full deduction @ 100% in the earlier five years The facts above are similar to the facts of the assessee’s case. No valid ground to interfere with the findings given by the ld. CIT(A) and accordingly, do not see any merit in this appeal of the assessee. - Decided in favour of revenue
|