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2022 (11) TMI 25 - KARNATAKA HIGH COURTDeduction u/s 54G - shifting of industrial undertaking - AO rejected the benefit on the ground that Bangalore was not an urban area - Tribunal classifying Bangalore as a non-urban area for the purposes of Section 54G when it was previously categorized as an urban area until 1990 - HELD THAT:- By virtue of Notification under Section 280Y(d) of the Act dated 22.09.1967, Bengaluru Corporation was declared as Urban area - As in view of the law laid down in para 39 in Fibre Boards, Bengaluru continues to be an Urban area for the purpose of Section 54G. Assessee shall be entitled for the benefit u/s 54G of the Act. - Decided in favour of assessee.
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