An income, so as to be characterized as `derived from’ an undertaking u/s 80-IA, should directly result from its operations

CASE LAWS DETAILS DECIDED BY: ITAT MUMBAI BENCHES, `E’, MUMBAI, IN THE CASE OF: ITO Vs. E. A. Infrastructure Operations Pvt. Ltd., APPEAL NO: ITA Nos. 887 & 4555/Mum/2008, DECIDED ON July 9, 2010 ORDER Per R.S.Syal, AM : These three appeals by the Revenue arise out of the orders passed by the Commissioner of Income Tax (Appeals) in relation to the assessment years 2004- 2005, 2005- 2006 and 2006- 2007. Since one issue raised in these three appeals is common, we are, therefore, proceeding to dispose them off by this consolidated order for the sake of convenience. 2. T...