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2015 (10) TMI 2182 - AT - Income TaxAddition u/s. 40(a)(ia) r.w.s. 194C - payment of demurrage to parties in India - CIT(A) deleted addition - Held that:- No specific error in the order of the Ld. CIT(A) could be pointed out by the DR. He could not bring any material on record to show that the amount were not reimbursement of expenses paid by the clearing and forwarding agents for freight to the airlines. In the absence of the same, we do not find any infirmity in the order of the Ld. CIT(A), which is hereby confirmed and the ground of appeal of the Revenue is dismissed. - Decided in favour of assessee. Addition on account of Goa VAT incentive by disallowing deduction u/s. 80IB - CIT(A) deleted addition - Held that:- Goa VAT incentive received by the assessee is directly linked with the manufacturing and sale of goods and therefore income derived from the industrial undertaking and consequently is eligible for deduction u/s. 80IB of the Act. See M/s. Diamond Tool Industries Vs. JCIT [2011 (12) TMI 534 - ITAT MUMBAI] - Decided in favour of assessee.
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