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2022 (7) TMI 59 - AT - Income TaxDeduction u/s 80IB - whether freight charges recovered from the customers are eligible for deduction under section 80IB ? - HELD THAT:- As Assessee submitted before us the invoices of various parties containing GST number and CST number, on the invoices, in respect of transportation charges, (freight charges received from purchaser). The assessee submitted Form No.10CCB from a Chartered Accountant, balance sheet and profit and loss account - The fresh charges received from purchaser have been shown under the head “income from other sources”. The assessee also submitted the letter which was submitted before Assessing Officer, showing the details of freight income - The assessee also submitted the details of freight income - Therefore, these facts clearly prove that assessee’s claim is genuine and assessee deserves for deduction u/s 80IB As assessee has been claiming deduction under section 80IB of the Act since a long and department has been allowing the claim of the assessee under section 80IB of the Act, in previous years, therefore since the department has allowed the claim of the assessee in previous years, hence the genuineness of the claim should not be doubted. For the current assessment year, the assessee has furnished relevant documents and evidences to fulfill the conditions for claiming deduction under section 80IB of the Act, as noted above, therefore we are of the view that assessee is entitled to claim deduction under section 80IB - Appeal of assessee allowed.
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