Claim u/s. 80IC allowed as establishment exists in eligible area: ITAT Ahmedabad

Acacia Biotech Limited Vs ITO (ITAT Ahmedabad) ITAT Ahmedabad held that inadvertent mentioning of wrong area in Form 10CCB resulted into denial of claim u/s. 80IC. Thus, clam allowed since it is proved that establishment of assessee exists in eligible area. Accordingly, appeal allowed. Facts- The Assessing Officer has passed order u/s.154 of the Act rejecting the claim of the assessee for deduction u/s.80IC of the Act, on the ground that the unit of the assessee is not located in the eligible physical location as per the notification of the CBDT. CIT(A) dismissed the appeal of the assessee. Be...