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The Deputy Commissioner of Income-tax, Circle-12 (3) , Bangalore Versus M/s Subex Technology Ltd.,

2015 (11) TMI 1262 - ITAT BANGALORE

MAT - whether credit u/s 90 would be given on tax liability under the provisions of Sec.115JB? - CIT(A) allowed claim - Held that:- The income on which tax has been paid abroad was included in ‘book profit’ for the purpose of Sec.115JA. It was held t .....

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ision in the Act, debarring granting of credit for tax paid abroad in case income is computed u/s 115JA. It was further held that the assessee could not be denied the set off of tax relief against the tax liability determined u/s 115JA. - Decided aga .....

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GEORGE, AM: In this appeal filed by the revenue its grievances is against allowing of relief to assessee u/s 90 of the IT Act, while computing tax liability under the provisions of Sec.115JB of the IT Act, 1961. 2. Learned DR submitted that taxes u/ .....

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supported the order of the CIT(A). He also relied on a decision of Co-ordinate Bench in the case of ACIT Vs L & T Ltd., in ITA No.4499/Mum/2008/ dated 22-04-2009. 4. We have perused the orders and heard the rival contentions. The question is whet .....

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