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TMI Blog2019 (3) TMI 1151X X X X Extracts X X X X X X X X Extracts X X X X ..... DER PER GEORGE GEORGE K., JM This appeal at the instance of the assessee is directed against CIT(A)'s order dated 14.12.2017. The relevant assessment year is 2013-2014. 2. The grounds raised read as follows:- "1. The order dated 14-12-2017 in Appeal No. ITA No.272/E/CIT(A)-1/16-17 passed by the Ld. Commissioner of Income Tax (Appeals)-I, Kochi for the A Y 2013-14 confirming the addition made ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tter dated 15/12/2015. The CIT (Appeals) and the assessing officer failed to take note of the intention of the legislature in introducing section 54G of the Act for granting exemption to such industrial undertakings. 5. The authorities below ought to have granted exemption under section 54G of the Act as claimed by the appellant for the A Y 2013-14. For these and other grounds to be raised at ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... owed the claim of exemption u/s 54G of the I.T.Act vide assessment order dated 28.03.2016 completed u/s 143(3) of the I.T.Act. The Assessing Officer held that the assessee's industrial unit was not located in a notified `urban area' as per the provisions of section 54G of the I.T.Act and hence the assessee was not entitled to deduction u/s 54G of the I.T.Act. 4. Aggrieved by the assessment order ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... urban area under Explanation 2 to section 54G(1) of the Central Government. Hence, the deduction claimed by the assessee u/s 54G of the I.T.Act was rightly disallowed by the A.O. and the same was confirmed by the CIT(A). Hence, we see no reason to interfere with the order of the CIT(A) and we affirm the same. It is ordered accordingly. 7. In the result, the appeal filed by the assessee is dismiss ..... X X X X Extracts X X X X X X X X Extracts X X X X
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