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2012 (10) TMI 411 - AT - Income TaxClaim of deduction u/s 80-IA/IB - denial as there is no new article or thing which comes into existence as a result of the assessee’s activity - Held that:- In the present case, the assessee receives from its customers manuscripts which are either typed or handwritten ones. After receiving the same, the assessee converts the same into typed form by typing or scanning into the computer. Thereafter the same is edited and formatted into desired pages and also certain drawings are also scanned and redrawn by using computer. Thereafter the same is copied into the hard disc and supplied to the authors or clients.Practically the assessee is receiving some information on manuscript and converting the same into hard disc for using in the computer.Thus the above activity of the assessee neither amounts to manufacturing nor amounts to producing an article or thing - against assessee. Disallowance of foreign travel expenses - Held that:- No details were filed with regard to the foreign travel to show that the expenses were incurred wholly and exclusively for the purpose of the business and accordingly the ground raised by the assessee dismissed - against assessee.
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