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2016 (2) TMI 1143 - HC - Income TaxProportionately allowing the deduction u/s. 80IB(10) - Tribunal justifcation in upholding the decision of the CIT(A) in proportionately allowing the deduction u/s. 80IB(10) of the I T Act, 1961 out of profits in respect of wings “A” to “F” - Held that:- The impugned order of the Tribunal while dismissing the Revenue's appeal, had followed the decision of this Court in CIT v/s. Vandana Properties [2012 (4) TMI 54 - BOMBAY HIGH COURT] Learned Counsel further states that the present appeal memo has been filed only in view of the fact that the Revenue has challenged the decision of this Court in Vandana Properties (supra), in the Apex Court and the same is awaiting disposal. The question as formulated stands concluded in favour of the Respondent-Assessee and against the Revenue.
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