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2017 (12) TMI 311 - HC - Income TaxDeduction U/s 80 (1A) - whether the assessee should be a small scale undertaking on the last day of the previous year relevant to the initial/first assessment year and that the said requirement need not be satisfied in the subsequent assessments? - Held that:- As decided in Commissioner of Income Tax Versus International Tractors Ltd. [2017 (7) TMI 822 - DELHI HIGH COURT] that the Assessee here did not fulfil the eligibility condition for the initial AY i.e., 1997-98; and that notwithstanding that it may have fulfilled the eligibility conditions in the initial AY, it nevertheless had to fulfil the such eligibility condition for every one of the ten consecutive AYs inclusive of the initial AY in order to be eligible for the deduction. - Decided in favour of assessee.
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