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The Commissioner of Income Tax, Chennai Versus M/s. Colorplus Fashions Pvt Ltd

2015 (3) TMI 536 - MADRAS HIGH COURT

Entitlement to deduction under Section 80IB - assessee does not manufacture any goods by itself, but gets the same manufactured by others on job work basis - CIT(Appeals) following assessee's own case in respect of the earlier assessment year, pa .....

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tore [2012 (8) TMI 809 - MADRAS HIGH COURT] wherein held even though the assessee had not employed its own employees, yet, the fact is that at every stage the assessee had extracted control over the job work as though they were employees of the asses .....

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the question in favour of the assessee - Decided against revenue. - Tax Case (Appeal) Nos. 357 & 358 of 2008 - Dated:- 2-3-2015 - R. Sudhakar And S. Vimala,JJ. For the Appellant : Mr. T Ravikumar Standing Counsel for Income Tax For the Respondent : .....

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amp; 1775/Mds/05 for the assessment years 2002-03 and 2003-04 and the same were admitted by this Court on the following questions of law:- "1. Whether on the facts and circumstances of the case, the Tribunal was right in allowing deduction under .....

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0IB when the assessee only does the process of washing, pressing and packing which do not amount to manufacture? And 3. Whether on the facts and circumstances of the case, an assessee who gets the work done by a job worker can claim to be an industri .....

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of the Income Tax Act, 1961. While completing the assessment, the Assessing Officer denied the benefit claimed under Sections 80IA/80IB of the Income Tax Act. Aggrieved by the same, the assessee filed appeal before the Commissioner of Income Tax (Ap .....

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ellate Tribunal. The Income-Tax Appellate Tribunal answered the issues in favour of the assessee and partly allowed the appeals filed by the Revenue. Aggrieved by the same, the Revenue has filed the present Tax Case Appeals raising the above question .....

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