Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2018 (6) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (6) TMI 296 - HC - Income TaxDeduction u/s 80IA - deductions of profits and gains from industrial undertakings or enterprises engaged in infrastructure development - Held that:- An assessee can claim the benefit of deduction only upon a notification pertaining to the industrial park or special economic zone being published by the Central Government and it is on AO to ascertain whether the terms as to the completion of the project have been complied by assessee before allowing the benefit - thus it is directed that Revenue will prepare the paper-books and file them within eight weeks. Interest on loan given to sister concern - Held that:- Whether an entity is associated with another or not is essentially a question of fact - thus the tribunal came to a conclusion that the other concerns were sister concerns of the respondent assessee and this aspect of the matter does not fall for any consideration.
|