DCIT, Circle 4(1) Vs. M/s Amalgamated Plantations Pvt. Ltd.
Case No: ITA No.451/KOL/2021
Court: INCOME TAX APPELLATE TRIBUNAL “A” BENCH, KOLKATA
Date: 2/11/2025
Parties Involved
appellantDCIT, Circle 4(1)
respondentM/s Amalgamated Plantations Pvt. Ltd.
Facts Summary
The assessee, M/s Amalgamated Plantations Pvt. Ltd., filed its return of income on 28.09.2012, which was revised on 31.03.2014, claiming a deduction under section 80IE of the Income Tax Act for ₹15,97,27,673/-. The case was selected for scrutiny, and the Assessing Officer (AO) disallowed a deduction of ₹5,82,61,479/- claimed under section 80IE for three undertakings, stating that the substantial expansion was not completed within one financial year. The assessee appealed to the Commissioner of I…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the assessee is entitled to a deduction under section 80IE for the claimed amount of ₹5,82,61,479/-.
Precedents Relied Upon
4 precedents cited in this judgement.