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2008 (12) TMI 370 - HC - Income TaxIndustrial undertaking- special deduction- The assessee is engaged in manufacturing and trading of tractor and auto parts and also doing job work of similar nature. It claimed deduction under section 80-IB of the Act on income from job work, which was partly allowed by the Assessing Officer. On appeal, the Commissioner of Income-tax (Appeals) upheld the plea of the assessee, which has been affirmed by the Tribunal. Held that- it was not the case of the revenue that the business of the assessee did not fall under sub-section (3) to (11), (11A) or (11B) of the Ac. The assessee was at liberty to do manufacture for itself or for others, which makes no difference for purpose of section 80-IB of the Act.
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