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Section 80I5 Section 1484 Section 1473

ETHIX HEALTHCARE,CHANDIGARH vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE , PARWANOO

In the result, both on the exercise of jurisdiction u/s 147 and on merits of the case, the order of the AO as well as the ld CIT(A) is hereby set-aside and matter is decided in favour of the assessee

ITA 501/CHANDI/2024[2012-13]Status: DisposedITAT Chandigarh17 Dec 2024AY 2012-13

Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)

For Appellant: Shri Parikshit Aggarwal, C.AFor Respondent: Shri VivekVardhan, JCIT, Sr. DR

Section 139Section 143(3)Section 147Section 148Section 250Section 80Section 80I

801B of the Act. In this judgment, the Hon'ble Court also considered the question as to whether such remissions should be set off against the cost of purchases. The Court held that duty drawback, rebates etc. cannot be credited against the cost of manufacture for the purposes of section 80-IC of the Act, as such, credits would constitute