Issues in Corporate Taxation. - jb nagar cpe study circle of wirc of icai
Issues in Corporate Taxation. - jb nagar cpe study circle of wirc of icai
Issues in Corporate Taxation. - jb nagar cpe study circle of wirc of icai
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Facts & Background<br />
• Assessee is a company engaged <strong>in</strong> the bus<strong>in</strong>ess <strong>of</strong> development and export<br />
<strong>of</strong> computer s<strong>of</strong>tware<br />
• Assessee had claimed deduction under section 10A for its three units at<br />
Ch<strong>in</strong>chwad, Akruti and Milennium Bus<strong>in</strong>ess Park <strong>in</strong> its ROI ;<br />
• Assess<strong>in</strong>g Officer (AO)<br />
• Treated these units as mere expansion <strong>of</strong> exist<strong>in</strong>g units (i.e S<strong>of</strong>tware<br />
and Conversion Unit, Sigma Unit and TTC Unit) on the basis <strong>of</strong><br />
approval letter received from STPI;<br />
• Pr<strong>of</strong>itability <strong>of</strong> the aforesaid units is to be comb<strong>in</strong>ed with the<br />
correspond<strong>in</strong>g old units; and<br />
• Concluded that the eligible period for these units would be reckoned<br />
from the first year <strong>of</strong> the eligibility <strong>of</strong> the correspond<strong>in</strong>g old units<br />
August, 2011<br />
CA Sanjeev Lalan, S<strong>in</strong>grodia Goyal & Co.<br />
Presentation at JB Nagar CPE Study Circle<br />
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