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2021 (6) TMI 419 - AT - Income TaxDeduction u/s 80lB - appellant is processing sweet corn which is vegetable - HELD THAT:- As relying on assessee's own case [2021 (5) TMI 657 - ITAT HYDERABAD] we hold that the assessee is eligible for deduction on the profit derived from processing, preservatives and packing of fruits and vegetables as contemplated in section 80(B(11A) of the IT Act. However, on perusal of computation of income placed in paper book at page No. 2, the entire net profit has been taken, whereas, on examination of financial statements, the assessee has shown gross receipts in Trading and Profit & Loss Account In our considered opinion, some of the income/receipts shown are, prima-facie, not eligible for deduction. Therefore, we remit the issue to the file of the AO with a direction to recalculate the eligible profit for deduction as per section 80IB(11A) and the assessee is directed to provide all necessary details before the AO in support of its claim of deduction and cooperate in completing the correct profit element for eligible for deduction u/s 80IB(11A) . Appeal of the assessee is partly allowed
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