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2012 (10) TMI 713 - ITAT, DELHIDeduction u/s 80IC - assessee’s hotel is not environment friendly as held by AO - sustenance of disallowance by the CIT(A) as the assessee did not commence its operations in the period specified - Held that:- As decided in M/s Anchal Hotels (P) Ltd., Versus Assistant Commissioner of Income tax, Circle-2, Dehradun [2012 (10) TMI 639 - ITAT, DELHI] in terms of section 80- IC(2)(b), the deduction is admissible if the hotel commences the operation within the period mentioned in the statute. It is also admissible if the hotel commences any operation and undertakes substantial expansion during the period mentioned in the statute. Therefore, in the case of an existing hotel, the deduction will be admissible if the substantial expansion takes place within the prescribed period. Thus assessee would be entitled to deduction under Section 80IC considering the substantial expansion taken place within the prescribed period by assessee - in favour of assessee.
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