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2011 (4) TMI 881 - AT - Income TaxDeduction u/s 80IA - additions/disallowance made by the AO vide order passed u/s 143(3) r.w.s. 144C - Held that:- The issue has already been argued before the Tribunal in the appeal relating to assessment year 2005-06, the decision in which case is awaited. In case the said deduction u/s 80IA is held to be allowable to the assessee, the demand in the case shall be substantially reduced. The applicant shall not withdraw any amount up to Rs.80 crores, lying in its bank accounts as attached by the Assessing Officer till the disposal of appeal, except Rs.10 crores to be paid by 10th April 2011 and further Rs.10 crores to be paid by 30 April, 2011.
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