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2 results for “capital gains”+ Section 801A(8)clear

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Key Topics

Section 80I4Section 143(1)4Section 143(2)4Section 143(3)2Deduction2Addition to Income2Limitation/Time-bar2

ACIT, RANGE-I, LUCKNOW vs. M/S APCO INFRATECH PVT. LTD., LUCKNOW

ITA 454/LKW/2020[2017-18]Status: DisposedITAT Lucknow02 Apr 2025AY 2017-18

Bench: Shri Anadee Nath Misshra & Shri Subhash Malguria

Section 143(1)Section 143(2)Section 143(3)Section 80I

gains of an eligible undertaking 'derived from its eligible business. In various judicial pronouncements, the term 'derived from' has been interpreted in a narrow sense as compared to 'attributable to as used elsewhere with reference to other deductions." The Ld. A.O. has also relied on the judicial precedence in the case of Liberty India v. Commissioner of Income

M/S. APCO INFRATECH PVT. LTD.,,LUCKNOW vs. ACIT-I, LUCKNOW

In the result, appeals vide I

ITA 357/LKW/2020[2017-18]Status: Disposed
ITAT Lucknow
02 Apr 2025
AY 2017-18
Section 143(1)Section 143(2)Section 143(3)Section 80I

gains derived from such business for\nten consecutive assessment years.\n\nThe deduction is, therefore, admissible with reference to the profits and\ngains of an eligible undertaking 'derived from its eligible business. In various\njudicial pronouncements, the term 'derived from' has been interpreted in a narrow\nsense as compared to 'attributable to as used elsewhere with reference to other\ndeductions