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2017 (7) TMI 735 - HC - Income TaxBenefit of deductions of Section 80-I and 80-IA - assessee was carrying on business of cold-storage and was also dealing in skimmed milk - Held that:- Tribunal in allowing the above deductions has held that the Assessing Officer and the Commissioner of Income Tax (Appeals) had erred in applying the decision of the Delhi High Court in refusing the above deductions inasmuch as after the said decision the provisions of Section 80-I and 80-IA of the Act have undergone amendment which aspect of the matter was not considered by the authorities below. The Tribunal in granting the deductions of Section 80-I and 80-IA of the Act held that all the necessary conditions for availing the benefit thereunder were fulfilled by the assessee and as such the Assessing Officer and the Commissioner of Income Tax (Appeals) were not correct in refusing deductions as claimed by the assessee. There is no error or illegality in the order of the Tribunal and the assessee is entitle to deductions under Section 80-I and 80-IA of the Act. - Decided in favour of assessee.
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