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2016 (9) TMI 1604 - AT - Income TaxRevision u/s 263 by CIT - AO did not make any disallowance out of deduction under section 80-IC of the Act on proportionate basis - HELD THAT:- We find that the AO during assessment proceedings has duly called for information for job work done from outside and assessee had filed complete details as is apparent from PB-4, 8 & 11 and therefore, the AO did not make any disallowance out of deduction under section 80-IC of the Act on proportionate basis, as he must be in the knowledge that in earlier years similar issue had been decided in favour of the assessee, by the Amritsar Bench of the Tribunal [2011 (6) TMI 865 - ITAT AMRITSAR] CIT has nowhere held the order to be erroneous or prejudicial to the interests of the Revenue. - Decided in favour of assessee.
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