Not necessary for assessee to own Plant and Machinery to Claim deduction U/s. 80IB

Bombay High Court INCOME TAX APPEAL NO.540 OF 2012 The Commissioner of Income Tax v/s Shri Jyoti Prakash Dutta   CORAM : S.C. DHARMADHIKARI AND B.P. COLABAWALLA JJ. DATE : 25th JULY 2014. P.C. : 1. It is unfortunate that the Revenue files Appeals year after year pertaining to the same Assessee and raising the same issues and questions which have been raised earlier duly considered and have not been answered in favour of the Revenue by this Court. 2. This is one more instance of the Revenue urging before this Court that firstly a film production unit or a Company is not an ind...