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2016 (6) TMI 1116 - AT - Income TaxDisallowance u/s.80IA in respect of Wind Mill business - assessee is engaged in the business of manufacturing and job work in electronically engraved copper rollers and trading of pipes, circles etc. - Held that:- No hesitation in holding that the appellant is entitled to the claim u/s. 80IA on the income derived from wind mill project without notional setting off of losses of earlier years. See Velayudhaswamy Spinning Mills P. Ltd. v. Asst. CIT [2010 (3) TMI 860 - Madras High Court ] Addition of prior period expenditure - CIT(A) deleted the addition - Held that:- Though the quantity discount was given during the year under consideration but were on account of sales made in earlier years. In our considered opinion, this cannot be considered as a prior period expenditure since the expenditure has been incurred during the year under consideration. We, therefore, decline to interfere with the findings of the ld. CIT(A)
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