Claiming deduction u/s. 80IA not necessary for invocation of section 92BA: ITAT Hyderabad

Sanghi Industries Limited Vs DCIT (ITAT Hyderabad) ITAT Hyderabad held that for the invocation of section 92BA of the Income Tax Act, there is no necessity for the assessee for opting/ claiming the deduction U/s. 80IA of the Income Tax Act. Accordingly, appeal of the assessee dismissed. Facts- The assessee-company is engaged in manufacturing of Clinker and Ordinary Portland Cement. During the AY under consideration, the assessee has furnished a report in Form No. 3CEB as per the provisions of section 92E of the Act. Thereafter, the case was referred to the Transfer Pricing Officer on 25/10/201...