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2020 (4) TMI 364 - AT - Income TaxBenefit under Sales Tax as eligible for deduction u/s. 80IA(i) - HELD THAT:- This Tribunal by placing reliance on the order in assessee‟s own case for A.Ys. 2006-07 to 2008-09 dismissed grounds raised by the assessee in challenging the action of CIT(A) in confirming the order of AO in denying deduction u/s. 80IA of the Act in respect of Sales Tax benefit is not eligible business income u/s. 80IA of the Act. Computation of deduction u/s 80IA - losses adjusted against the assessable income other than the profits of the industrial undertaking - HELD THAT:- As decided in own case for A.Y. 2008-09 where the assessee has exercised the option of 10 consecutive years as contained in section 80IA of the Act, then the losses beginning from such initial year were brought forward and set off while applying the provisions of section 80IA(5) of the Act and not the losses of earlier years, which had been adjusted against other income of the assessee in the relevant year itself.
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