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2013 (10) TMI 755 - AT - Income TaxDeduction u/s 80IA of the Income Tax Act for development, operation and maintenance of an industrial part under the Industrial Park Scheme, 2002 – Held that:- Assessee is entitled for deduction u/s 80IA (4) of the Act if it develops the Industrial Park. Being so, the assessee has to show that it has actually developed the Industrial Park during the relevant assessment year under consideration for claiming deduction u/s 80IA (4) of the Act by bringing on record contemporaneous documents like Electricity connection, water connection, connected documents like copies of approval, fire safety certificate from the competent authority along with complying the conditions laid down by the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, Government of India vide their letter No.15/24/04-IP & ID dated 22-9- 2004 - Except the lease agreement with M/s Satyam Computers, no other document has been furnished to establish the fact that the Industrial Park has been developed during the relevant assessment year - Remitted the matter back to the file of the Assessing Officer for fresh consideration.
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