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2012 (11) TMI 663 - ITAT AHMEDABADDeduction u/s. 10B of the Income-tax Act - CIT(A) granted deduction u/s 10B after excluding the additional income surrendered by the assessee during search proceedings u/s 132 – Held that:- Since the seized paper was connected with the business activity of the assessee i.e. exports and the AO added the additional business income in the business income of the assessee from exports and also granted deduction u/s 10B of the IT Act to the assessee, would prove that the assessee was also entitled for deduction u/s 10 B of the IT Act on additional business income also. Considering the facts and circumstances noted above in the light of the above discussions and the case laws referred to above, we are of the view the assessee is entitled for deduction u/s 10 B of the IT Act on pro-rata basis. - Decided in favor of assessee partly.
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