New User   Login      
Tax Management India .com TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

2015 (10) TMI 1410 - ITAT MUMBAI

2015 (10) TMI 1410 - ITAT MUMBAI - [2015] 39 ITR (Trib) 51 (ITAT [Mum]) - Enhanced claim of deduction under section 10A - CIT(A) allowed at 100 per cent. against 50 per cent. claimed by the assessee - Held that:- This issue is no more res integra as it has been settled in favour of the assessee and against the Revenue by the decision in the case of CIT v. Pruthvi Brokers and Shareholders P. Ltd. [2012 (7) TMI 158 - BOMBAY HIGH COURT] wherein the hon'ble jurisdictional High Court has considered t .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

r that the issue in the case was limited to the power of the assessing authority and that the judgment does not impinge on the power of the Tribunal under section 254 of the Act. - Decided against revenue. - I.T.A. No. 5001/Mum/2013 - Dated:- 5-3-2015 - SHRI N.K. BILLAIYA AND SHRI VIVEK VARMA, JJ. For the Appellant : Shri Pavan Kumar Beerla For the Respondent : Shri Jignesh R Shah ORDER N. K. Billaiya (Accountant Member).- With this appeal the Revenue has challenged the correctness of the order .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

er cent. of business income in place of 100 per cent. eligibility. 4. During the course of the assessment proceedings, the assessee filed a revised computation of income claiming 100 per cent. deduction to which it was eligible. The claim of the assessee was denied by the Assessing Officer. The Assessing Officer drew support from the decision of the hon'ble Supreme Court in the case of Goetze India Ltd. v. CIT [2006] 284 ITR 323 (SC). 5. The matter travelled before the learned Commissioner o .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version