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Amount of brought business loss and unabsorbed depreciation is not required to be first set-off before computing the deduction allowable under s 80HHC for the purpose of computing book profits, matter remitted to make calculation under s 80HHC
Case Law Details
- Case Name
- Bisazza India (P) Ltd. Vs CIT (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2000- 2001
- Courts
- ITAT Ahmedabad
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Bisazza India (P) Ltd. Vs CIT
ITAT Ahmedabad
ITA No. 1381/Ahd/2010
Assessment Year: 2000- 2001
Decided on: 27 May 2011
Order
A.K. Garodia, AM:
This is an assessee’s appeal directed against the order of the Learned Commissioner of Income tax-I, Ahmedabad dated 31-12-2009 for the Assessment Year 2000-01 passed by him under section 263.
2. The grounds raised by the assessee are as under:-
“1. Learned Commissioner of Income tax has erred in law and on facts in passing order u/s. 263 holding the assessment order passed u/s. 143(3) r. w. s. 147 of the Act as erroneous an...
