THE DEPUTY COMMISSIONER OF INCOME TAX CIRCLE 11 (1) BANGALORE vs. M/S ACE MULTI AXES SYSTEMS LTD
Appeals are disposed of in the same terms
C.A. No.-020854-020854 - 2017Supreme Court05 Dec 2017
Bench: HON'BLE MR. JUSTICE ADARSH KUMAR GOEL
Section 263Section 33BSection 80
disallowance has to be held justified.
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17. Summary:
Section 80 IB is an incentive provision. It stipulates
deduction in respect of profits and gains from certain
industrial undertakings. Within this section a plethora
of industries and business types have been given the
benefit of such deduction if they fulfill the conditions
mentioned in the concerned sub section
