LMJ INTERNATIONAL LTD.,KOLKATA vs. D.C.I.T CIR - 8,KOLKATA, KOLKATA

In the result, the appeal of the Revenue is dismissed, while the appeal of the assessee is treated as partly allowed for statistical purposes

Bench: Shri P.M. Jagtap & Shri S.S. Viswanethra Ravi

11A), he contended that even if there are no transactions with the third party, assessee is eligible for deduction under section 80IB. In support of this contention, he relied on the decision of the Hon’ble Calcutta High Court in the case of CIT –vs.- ITC Limited [236 taxman 612], wherein it was held that deduction under section 80IA cannot

DCIT, CIRCLE - 2, KOLKATA, KOLKATA vs. M/S. LMJ LOGISTICS LTD., KOLKATA

In the result, Revenue’s appeal stands partly allowed for statistical purpose