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2015 (6) TMI 444 - AT - Income TaxComputation of relief u/s 80 IC - Held that:- When Baddi Unit had transferred the goods to other units on cost basis, and when separate accounts are maintained by Baddi Unit and profits arrived at, the question of coming to a conclusion that this profit so arrived at contains trading profit is against the facts of the case. The separate books maintained have not been rejected. Under these circumstances we agree with the contentions of the Ld. Counsel for the assessee and allow the grounds raised by the assessee. The AO is directed to allow the deduction u/s 80IC of the Act as claimed by the assessee. - Decided in favour of assessee.
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