DCIT - 8(2)(1), MUMBAI vs. SIEMENS TECHNOLOGY AND SERVICES PVT. LTD., MUMBAI
In the result, the appeals of the revenue are dismissed and appeal of the assessee is partly allowed
ITA 3247/MUM/2018[2005-06]Status: DisposedITAT Mumbai12 Oct 2022AY 2005-06
Bench: Shri Kuldip Singh & Shri Amarjit Singh
For Appellant: P.J. Pardiwala &For Respondent: Ashok Kumar Kardam
Section 10ASection 143(2)Section 143(3)
Assessing Officer in his remand report has held that both Unit II and Unit III duly fulfill all the conditions laid down in Section 104(7) of the Act The remand report of the assessee spells out following facts:-
1. Both units were set up with fresh investments the assessee