Sponsored
    Follow Us:

Case Law Details

Case Name : Sh. Sumit Kumar Vs ITO (ITAT Chandigarh)
Related Assessment Year : 2010-11
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

Section 80IC: Despite substantial expansion there cannot be two initial Assessment Year

Brief facts of the case are that the assessee is a proprietor of two concerns i.e. M/s Alpine Steels and M/s Virat Steels. Both the units were manufacturing interlinked chains and barbed wires and came into production with effect from 18-06-2004. The assessee had been claiming deduction u/s 801C of the Act since A.Y. 2005-06, and this was the sixth year of production of both the units.

Please become a Premium member. If you are already a Premium member, login here to access the full content.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
March 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31