Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2010 (5) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2010 (5) TMI 641 - BOMBAY HIGH COURTExemption under section 10B - jurisdiction income escaped assessment - notice u/s 147/148- Deduction under section 10B - exemption had also been granted, Section 10B was thereafter amended - claimed exemption under section 10B contending that the same was not in respect of the same unit but in respect of a new unit - held that:- neither annexure A, nor enclosure I disclosed the fact that admittedly the exemption claimed by the ferromet concentrates division under section 10B had been granted and availed of by the petitioner. It is a moot point as to whether in view of the failure to mention the same, the disclosure can be said to be a true disclosure even assuming that all the facts pertaining to the setting up of the alleged new unit were disclosed. - Writ petition dismissed.
|