Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2005 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2005 (7) TMI 285 - AT - Income TaxExtract: .......ial undertaking located in backward area, then its book profit in accordance with cl.(6) of the Explanation would come at nil . Therefore, learned AO ought to have not raised a demand of Rs. 3,25,997 against the assessee. We allow this ground of appeal and delete the demand raised by the AO. 10. In the result, the appeal of the assessee is allowed.
|