DCIT, CC-XIX, KOLKATA, KOLKATA vs. M/S INTERNATIONAL CONVEYORS PVT. LTD., KOLKATA

per the assessment order for the A.Y.2008-09, however, as mentioned

above, for the A.Y.2008-09, the CIT(A) has held that the AO was not

justified in adjusting the notional depreciation and business loss from the

eligible business of the earlier year for the purpose of computing

deduction u/s.80-IA and that the assessee company is entitled to claim

deduction u/s.80-IA on the current year’s profit without adjustment.

Therefore, considering the factual position, we are of the view that the AO

18 IT(SS)A No.90-93, 131 & ITA No.1366/Kol/2014 M/s International Conveyors Pvt. Ltd. was not justified in adjusting the notional amount of unabsorbed depreciation of Rs.38,30,422/- from the current year’s profit of the eligible unit to deny the deduction u/s.80-IA of the Act. Therefore, we confirm the order passed by the ld. CIT(A) in respect of grounds No.2 & 3 raised by

Rthe Revenue. Hence, the grounds No.2 & 3 raised by the revenue are dismissed. 6.4. In the result, appeals filed by the revenue in IT(SS)A No.131/Kol/2014 & ITA No.1366/Kol/2014 along with IT(SS)A No.90/Kol/2014, IT(SS)A No.91/Kol/2014, IT(SS)A No.92/Kol/2014, IT(SS)A No.93/Kol/2014, are dismissed. Order pronounced in the open court on this 05/12/2016.

Sd/- Sd/- (NARASIMHA CHARY) (DR. A.L.SAINI) �या�यक सद�य / JUDICIAL MEMBER लेखा सद�य / ACCOUNTANT MEMBER कोलकाता /Kolkata; �दनांक Dated 05/12/2016 �काश �म�ा/Prakash Mishra,�न.स/ PS आदेश क� ��त�ल�प अ�े�षत/Copy of the Order forwarded to : 1. अपीलाथ� / The Appellant 2. ��यथ� / The Respondent. 3. आयकर आयु�त(अपील) / The CIT(A), Kolkata. 4. आयकर आयु�त / CIT �वभागीय ��त�न�ध, आयकर अपील�य अ�धकरण, कोलकाता / DR, ITAT, Kolkata 5. 6. गाड� फाईल / Guard file. स�या�पत ��त //True Copy// आदेशानुसार/ BY ORDER,

उप/सहायक पंजीकार (Asstt. Registrar) आयकर अपील�य अ�धकरण, कोलकाता / ITAT, कोलकाता