3 years ago
AO's claim That The Assessee Is Only Into Job Work And Not Manufacturing Rejected, Deduction Allowed By ITAT Delhi
The Delhi Bench of the Income Tax Appellate Tribunal while allowing the deduction under Income Tax Act has rejected the claim of AO that the assessee is only into job work and not manufacturing. The assessee electronically filed its return of income, declaring nil income after claiming a deduction under section 80IC of the Income Tax Act. During the course of assessment proceedings, the AO noticed that the assessee had claimed a deduction under section 80IC of the Income Tax Act. The AO held that the assessee was not eligible for the claim of deduction under section 80IC of the Income Tax Act and denied the claim of deduction amounting to Rs.
7 months, 3 weeks ago
Income Tax Additions Can't Be Based On Generalised Report By Investigation Wing: ITAT
9 months, 2 weeks ago
Submission Of Form-67 Is Not Mandatory For Availing Foreign Tax Credit: Delhi ITAT
9 months, 3 weeks ago
Income Tax Deduction Allowable On Expenditure Incurred On Warranty Claim: ITAT
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