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Assistant Commissioner of Income Tax Vapi Circle, Vapi Versus M/s Bhagat Textiles Engineers

2015 (5) TMI 181 - ITAT AHMEDABAD

Deduction u/s. 80IB - Held that:- no additional facts have been brought by the AO except that the activity undertaken by the assessee is not a manufacturing activity, but only assembling activity - Following decision of Bhagat Textile Engineers Versu .....

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ted:- 13-3-2015 - SHRI SHAILENDRA KUMAR YADAV AND SHRI N. S. SAINI, JJ. For The Appellant : Shri Alok Johri, CIT D.R. For The Respondent : Shri S. N. Soparkar, A.R. ORDER PER SHAILENDRA KUMAR YADAV, J.M: This appeal has been filed by Revenue against .....

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manufacturing activity and observing that the assessee is eligible for deduction u/s. 80IB amounting to ₹ 5,55,42,533/- the I.T. Act, 1961. 2. It is therefore, prayed that the order of the learned CIT(A) be set aside and that of the Assessing O .....

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pecified in the VIIIth Schedule to the Income Tax Act. As such, manufacturing unit of assessee is eligible for deduction u/s. 80IB of the Act. Assessee has started its manufacturing activity by 27.03.2004 while passing the order u/s.143(3) of the Act .....

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ould not commenced its manufacturing activities before 31.03.2004. Accordingly, he rejected the claim of assessee amounting to ₹ 5,58,93,233/-. 2.1 Matter was carried before the First Appellate Authority, wherein CIT(A) following its predecesso .....

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nd that in the present assessment year, no additional facts have been brought by the AO except that the activity undertaken by the assessee is not a manufacturing activity, but only assembling activity. This Tribunal for AY 2005-06 in ITA No.294/Ahd/ .....

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