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2019 (8) TMI 398 - ITAT KOLKATADisallowance of deduction u/s 80-IC (2) (b) - profit derived by the assessee on sale of black tea manufactured from green leaf purchased - HELD THAT:- Until and unless the assessee engages with both the conditions of processing and raising of the plantation of tea, the assessee cannot be allowed, the deduction under section 80-IC(2)(b). That is, the assessee is not entitled to take the deduction u/s 80-IC (2) (b) in respect of green tea-leaf purchased from outside market. No merit in assessee's appeal, as the assessee is not eligible to claim deduction under section 80-IC(2) (b) of the Act, in respect of green tea-leaf purchased from outside market. Hence, we find no reason to interfere in the said order of the CIT(A) and the same is hereby upheld. Therefore, ground of appeal of Assessee is dismissed.
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