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2015 (7) TMI 1312 - AT - Income TaxDeduction u/s 80IC - claim exceeding ten assessment years - Held that:- Section 80IC sub section 6 reads as under: - "Notwithstanding anything contained in this Act, no deduction shall be allowed to any undertaking or enterprise under this section, where the total period of deduction inclusive of the period of deduction under this section, or under the second proviso to sub-section (4) of section 80-IB or under section 10C, as the case may be, exceeds ten assessment years." It is to be noticed that this sub section starts with "non obstante" clause which means that this section is applicable to all kinds of states wherever section 80IC is applicable. The period of deduction has been clearly restricted to period of ten years inclusive of the deduction claimed under section 80IB. Since assessee has already claimed deduction under section 80IB for ten years therefore assessee is not entitled for the deduction in the present year. - Decided against assessee.
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