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2021 (6) TMI 824 - HC - Income TaxDeduction u/s 80IA - claim to be allowed to a single Industrial Unit OR all the units taken together - Whether Tribunal was right in law in holding that the assessee is entitled deduction under section 80IA of the Act, even though where a company apart from his regular business and in the business of generation and distribution of power, owning more than one Industrial Undertaking? - HELD THAT:- Having regard to the submissions made by the learned counsel on either side, following the ratio laid down by the Hon'ble Division Bench of this Court in the Judgment reported in Commissioner of Income Tax, Coimbatore v. M/s.Bannari Amman Sugars Ltd. [2019 (3) TMI 14 - MADRAS HIGH COURT] the question of law is decided against the Revenue and in favour of the assessee.
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