Case Law Details
Case Name : DIC Fine Chemicals Pvt. Ltd. Vs DCIT (ITAT Kolkata)
Related Assessment Year : 2014-15
Courts :
All ITAT ITAT Kolkata
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
DIC Fine Chemicals Pvt. Ltd. Vs DCIT (ITAT Kolkata)
It was a case where on account of the disallowance made by the AO, the loss returned by the assessee stood converted into positive sum and made the appellant eligible to claim deduction u/s 10AA of the Act. We thus find that as per the position put forth by the assessee in the return of income filed, it could not have legally claimed such deduction but only as a consequence of the disallowance proposed in the assessment, the returned loss stood converted into positive income; consequent to which the ap
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
Can an assessee at his own option decide to discontinue to claim deduction U/s 10AA of income tax act in respect of 50% profit of eligible undertaking for subsequent 5 consecutive assessment years, after claiming 100% deduction from profit of the eligible undertaking during period of initial 5 consecutive assessment years
why not treat to bank employee gov. employee they folow the rbi rules rbi govt of indias institute