Supreme Court · 2017 INSC 1172 · Decided 5 December 2017
Deputy Commissioner of Income-Tax, Circle 11 (I) Bangalore v. M/S. Ace Multi Axes Systems LTD.
- Court
- Supreme Court of India
- Citation
- 2017 INSC 1172 · [2017] 12 S.C.R. 21
- Case number
- CIVIL APPEAL No. 20854/2017
- Decided
- 5 December 2017
- Bench
- RANJAN GOGOI, ADARSH KUMAR GOEL, NAVIN SINHA (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 80
Headnote
Income Tax Act, 1961 - s.80 18(3) - Deduction in respect of C profits and gai11s from certain industrial undertakings other than infrastructure development undertakings - Deduction 11/s. 80 IB( 3) - Benefit of - Eligible business of an assessee given 11/s. 80 18 011 the assessee satisfying the conditions mentioned in sub-sec. (2) of s. 80 lB - Denial of the benefit of the said deduction to the asses.we on the ground that during the said D IO consecutil'e years, it ceases to be a small scale industry - Held: Assessee having not retained
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