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Section 80JJAA Deduction Rejected as Amalgamation Amounted to Business Reorganisation
Case Law Details
- Case Name
- DCIT Vs Facets Gems Polishing Works Pvt. Ltd. (ITAT Surat)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Surat
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DCIT Vs Facets Gems Polishing Works Pvt. Ltd. (ITAT Surat)
ITAT Denies Section 80IA Deduction Because Amalgamated Company Acquired Undertaking After 31 March 2007; ITAT Allows Revenue Appeal Because Amalgamation Barred Deductions Under Sections 80IA and 80JJAA; Windmill Tax Benefit Under Section 80IA Not Available Because Undertaking Was Transferred in Amalgamation; ITAT Holds Amalgamation Scheme Cannot Override Specific Restrictions Under Income Tax Act.
The Income Tax Appellate Tribunal (ITAT), Surat Bench, considered the Revenue’s appeal against the order of the Commissi...
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