In the result, the appeal of the revenue stands dismissed while appeal filed
Bench: Shri P.K.Bansal & Sh. Amit Shuklac & S Electric Ltd., Vs Dcit Ltu, (Formerly Known As Controls & Switchgear New Delhi. Co.Ltd.), 222, Okhla Industrial Estate, Phase-Iii, New Delhi. Pan-Aaacc0909K (Appellant) (Respondent) Dcit (Ltu), Vs C &S Electric Ltd., Nbcc Plaza, Pushp (Formerly Known As M/S. Control & Vihar, Sector-Iii, Switchgear Co. Ltd.), New Delhi-110017. 22, Okhla Industrial Estate, New Delhi-110020. Pan-Aaacc0909K (Appellant) (Respondent)
68,840/-. By applying the provision of section 80IA(8) as according to him, the transfer from one unit to another unit should have been done at market value. When the matter went before the Ld. CIT(A), Ld. CIT(A) confirmed the reduction of the deduction u/s 80IC by Rs.2,34,511/- in respect of BT Division