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2010 (2) TMI 874 - AT - Income TaxDeduction under section 80-IB - company has incurred loss from manufacturing activity and by not allowing the claim of deduction under section 80-IB - allocation of expenses between manufacturing activity and non-manufacturing activity and file a statement of allocation of expenses on activity-wise - assessee has filed division-wise profitability statement before the lower authorities - assessee wants to revise the same by saying that on earlier occasion, at the time of the assessment, the assessee was ignorant about the consequences and the Assessing Officer cannot take benefit of assessee's ignorance – Held that:- there is no profit earned by the manufacturing activity of the assessee and the profit earned from the non-manufacturing activity is not entitled for the deduction under section 80-IB, then the assessee wants to find out new alternative to avail deduction under section 80-IB for which the Tribunal cannot be party, assessee not allowed to reallocate the expenses and thereby recompute the profit of the manufacturing activity and non-manufacturing activity, appeal of the assessee dismissed.
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