Case Law Details
Now, we take-up the appeals for the A.Y. 2006-07 and 2007-08. The only common issue in both the appeals is in respect of deduction u/s.10A which was denied by the A.O. on the reason that the assessee company is formed by splitting and reconstruction of the existing business/undertaking.
We have already decided the identical issue in the appeal for the A.Y. 2005-06. As facts as well as reasoning for denial of deduction are identical in both these assessment years, we, therefore, following our findings and reasons for A.Y. 2005-06 dismiss grounds taken by the revenue in A.Ys. 2006-07 and 2007-08. There is no other issue save allow ability of deduction u/s.10A in the A.Y. 2006-07 and 2007-08.
INCOME TAX APPELLATE TRIBUNAL, MUMBAI
ITA. 2832/Mum/2009 – (Assessment Year: 2005- 06)
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