This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
ITAT Mumbai Allows 80IC Depreciation; Bogus Purchases Addition Restricted to 12%
Case Law Details
- Case Name
- DCIT Vs Time Technoplast Ltd (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2016-17
- Courts
- All ITAT, ITAT Mumbai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
DCIT Vs Time Technoplast Ltd (ITAT Mumbai)
Section 80IC Deduction Depreciation Allowed on Consistency; Bogus Purchase Addition Restricted to 12% – ITAT Mumbai
The ITAT Mumbai dismissed the Revenue’s appeals for AYs 2016-17 & 2018-19 in the case of Time Technoplast Ltd., holding that all issues stood squarely covered in assessee’s own case by earlier ITAT orders.
On deduction u/s 80IC, the Tribunal noted that identical disallowances made on the allegation of inter-unit transfer of pre-used plant & machinery (exceeding 20%) had already been deleted consistently fro...
Author Info
