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2012 (10) TMI 471 - AT - Income TaxDeduction u/s 80IB - SSI Benefit - Held that:- The assessee had Plant and Machinery much exceeded the limit of ₹ 3 crore applicable to an SSI on the last day of the previous year. Assessee cannot be considered as a Small Scale Industrial Undertaking within the meaning of sec. 11-B of the IDR Act, 1951 as on the last day of previous year relevant to the A.Y. 2008- 09. Since the assessee did not comply with the conditions of the Proviso to clause (iii) of subsection 2 of section 80IB, it is not eligible for claiming deduction u/s 80B of the Act - appeal of the assessee is dismissed as infructuous - against the assessee.
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