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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CIT (Appeal)’s observations and decision<br />
• Three units satisfied the follow<strong>in</strong>g conditions provided under section<br />
10A(2) <strong>of</strong> the Act:<br />
• Manufactur<strong>in</strong>g or production <strong>of</strong> article/ th<strong>in</strong>g<br />
• Not formed by splitt<strong>in</strong>g up or reconstruction <strong>of</strong> bus<strong>in</strong>ess already <strong>in</strong><br />
existence<br />
• Not formed by the transfer to a new bus<strong>in</strong>ess or mach<strong>in</strong>ery or plant<br />
previously used for any purpose<br />
• Held that deduction to <strong>in</strong>dependent and dist<strong>in</strong>ct units cannot be denied<br />
merely on the basis <strong>of</strong> STPI approval letter<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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