[aaykarbhavan] Sec. 80-IA relief granted as AO failed to show that assessee was shifting excessive profits to eligible units

Sec. 80-IA relief granted as AO failed to show that assessee was shifting excessive profits to eligible units

December 29, 2014[2014] 52 taxmann.com 357 (Allahabad)

IT : Where assessee-company had maintained separate amounts for each unit and Assessing Officer could not prove that business transaction between its eligible unit and other unit were producing more profit to eligible unit assessee would be entitled for deduction under section 80-IA

IT : Interest received from trade debtor would be deductible under section 80-IA

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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