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2017 (5) TMI 528 - ITAT MUMBAI
Disallowance of claim for deduction u/s 80IA(4) in respect of the projects other than the Teesta Lower Dam project - Held that:- Assessee is a developer entitled for deduction u/s 80IA(4) of the Act. The grounds raised by Revenue are rejected on this issue.
Disallowance u/s 14A deleted while computing income under normal provisions of the Act.
Reduction of claim u/s 80IA(4) of the Act, i.e. attribution of expenses to the projects eligible for deduction u/s 80IA(4) - Held that:- We direct the Assessing Officer not to reduce the profit of eligible undertaking by these expenses while computing deduction u/s 80IA(4) of the Act.
Grant credit for TDS in the year of deduction itself.