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ITAT Delhi Upholds Section 80-IC Deduction for Lotus Herbals; Bogus Expansion Claims Rejected
Case Law Details
- Case Name
- DCIT Vs Lotus Herbals Colour Cosmetics (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Delhi
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DCIT Vs Lotus Herbals Colour Cosmetics (ITAT Delhi)
ITAT Delhi Upholds Section 80-IC Deduction for Lotus Herbals Unit; Allegations of Bogus Expansion and Business Shifting Rejected
The Delhi Bench of the Income Tax Appellate Tribunal dismissed the Revenue’s appeals for AYs 2018-19 and 2019-20 in the case of Lotus Herbals Colour Cosmetics, thereby affirming the CIT(A)’s order allowing deduction under Section 80-IC in respect of the assessee’s Baddi (Himachal Pradesh) unit.
The Revenue had alleged that the assessee continued to claim Section 80-IC deduction beyond the perm...
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