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2018 (2) TMI 258 - AT - Income TaxClaim of deduction u/s 80IC - entitlement of the deduction at the rate of 100% of the eligible profit to new units on undertaking substantial expansion - Held that:- The contention of the Ld.DR of restoring the issue to the AO for verification of the fact of having undertaken substantial expansion has also been dealt by the ITAT in its decision in the case of one of the assessees, M/s Security products Pvt. Ltd.(2018 (2) TMI 163 - ITAT CHANDIGARH) rejecting the contention on account of the specific finding of the Jurisdictional High Court while deciding the issue in favour of the assessee in the case of Stove Craft (2017 (12) TMI 69 - HIMACHAL PRADESH HIGH COURT) that the Revenue has not disputed this fact and which in the case of the present assessee is evident from the assessment orders also. We therefore reject this contention of the ld. DR. Thus the order of the ld. CIT(A) is set aside and the Assessing Officer is directed to grant the assessee's deduction of 100% of its eligible profit. - Decided in favour of assessee
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