Case Law Details
Case Name : Friends Alloys Vs Asstt. CIT (ITAT Chandigarh)
Related Assessment Year : 2013-114
Courts :
All ITAT ITAT Chandigarh
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Friends Alloys Vs ACIT (ITAT Chandigarh)
From perusal of the order of the AO, it was found that the AO had not disputed that the assessee had carried out substantial expansion as provided under clause (b) of sub-section (2) read with clause (ix) of sub-section (7) of section 80-IC. Hence, the impugned order of the CIT(A) was set aside and the AO was directed to grant the deduction @ 100 per cent to the assessee.
FULL TEXT OF THE ITAT JUDGMENT
This appeal has been preferred by the assessee against the order of Ld. Commissioner of Income Tax(Appeals), [hereinafter referred to as ‘CIT(Appe...
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Sir
Hon,ble supreme court has reversed the decision relied upon by the ITAt in civil appeal no 7208 of 2018 CIT vs. Classic Binding industries. Pl update.