TMI Blog2014 (4) TMI 735X X X X Extracts X X X X X X X X Extracts X X X X ..... BOMBAY HIGH COURT] followed – The quantum of deduction under section 80-IA is not dependent upon the assessee claiming or not claiming depreciation, because, under section 80-IA the quantum of deduction has to be determined by computing total income from business after deducting all deductions allowable under sections 30 to 43D of the Act - Decided against Assessee. Admission of additional gro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... T(A)-18, Mumbai, dated 29/10/2012 for the assessment year 2009-10. 2. At the outset, ld. Counsel for the assessee filed a chart giving particulars of the ground, the relevant numbers of the paragraph from orders of the AO and the CIT(A) and the manner in which the grounds stand covered by earlier other orders of the ITAT for the A.Y.2007-08 2008-09 in the assessee s own case in ITA No.8126/Mu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng judgments relevant to this matters of giving set off of the interest expenses against the interest income for the purpose of computing deduction u/s 80IB of the Act. Thus, ground no. 2 and 3 and additional ground are allowed for statistical purpose. 5. In connection with the additional ground no.2, it is prayer of the assessee the same needs to be admitted and adjudicated considering the leg ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
