SCORPIO IRON LTD,PANAJI vs. ITO, WARD - 1(4), PANAJI

In the result, both appeals of the assessee are allowed

31. Another angel to appraise this issue, whether profits from sale/transfer of eligible business to any other undertaking would be eligible for deduction under section 80IA can be understood from the provisions of section 80IA (8). This section provides that, where any goods or services held for the purposes of the eligible business are transferred to any other business carried

SHREE AMBEY FORGING PRIVAT LIMITED,PANAJI vs. ITO, WARD - (4), PANAJI

In the result, both appeals of the assessee are allowed