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2015 (12) TMI 1551 - AT - Income TaxDeduction u/s 80IA - Held that:- CIT(A) allowed the claim of the assessee for deduction u/s 80IA by following the binding judgment of the Madras High Court in Velayudhaswamy Spinning Mills (P) Ltd. (2010 (3) TMI 860 - Madras High Court ). This Tribunal is of the considered opinion that mere pendency of SLP before the Apex Court cannot be a reason for not following the judgment of the jurisdictional High Court. In other words, the judgment of the jurisdictional High Court is binding on all authorities in the States of Tamilnadu and Pondicherry. The CIT(A) has rightly allowed the claim of the assessee - Decided in favour of assessee
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