INCOME TAX OFFICER WARD-4(2), GUWAHATI vs. M/S. KISHLAY FOOD (P) LTD, GUWAHATI
In the result, the appeal is allowed
ITA 232/GTY/2018[2010-11]Status: DisposedITAT Guwahati13 Dec 2019AY 2010-11
Bench: Shri S.S.Godara & Dr. A.L.Sainiassessment Year :2011-12
Section 143(3)Section 14ASection 250(6)Section 43BSection 80Section 80ISection 80l
TDS under law, such disallowance would ultimately increase assessee's profits from business of developing housing project. The ultimate profits of assessee after adjusting disallowance under section 40(a)(ia) of the Act would qualify for deduction under section 80-IB of the Act. This view was taken by the courts in the following cases:
• income-tax Officer - Ward
