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2016 (1) TMI 121 - AT - Income TaxEntitlement for deduction u/s 80HHC - income earned by selling of Duty Entitlement Pass Book licences in the event of the turnover of the assessee exceeding ₹ 10 crores - CIT(A) allowed the claim - Held that:- Learned CIT-A had addressed the deduction u/s 80HHC of the Act by duly considering the third proviso to section 80HHC(3) of the Act by giving detailed workings of deduction in the light of the judgements in the case of Topman Exports vs CIT [2012 (2) TMI 100 - SUPREME COURT OF INDIA] and in the case of GKW Ltd vs CIT [2011 (7) TMI 86 - CALCUTTA HIGH COURT ]. Hence we are not inclined to interfere with the findings recorded therein. - Decided in favour of assessee.
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