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2019 (2) TMI 995 - HC - Income TaxGrant of deduction u/s 80IB - conditions for qualifying as a small scale industry to be fulfilled in the initial year alone and not on year to year basis for grant of deduction under Section 80IB - Held that:- At the request of the parties, the appeal itself is being disposed of finally at this stage. It is agreed position between the parties that the aforesaid question stands concluded against the Respondent-Assessee and in favour of the Appellant-Revenue by the decision of the Supreme Court in Deputy Commissioner of Income Tax Vs. ACE Multi Axes Systems [2017 (12) TMI 372 - SUPREME COURT OF INDIA] - Decided in favour of the Revenue.
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