Dismissing the appeals of the revenue , the Court held that ,no incriminating that for the financial year 2010-11, the Tribunal, after undertaking a material was found in the course of search . Accordingly disallowances of claim u/s 80IB, 80IC is held to be not justified . ( AY.2005-06 to 2007 -08)
CIT v. Dharampal Premchand Ltd. (2018) 408 ITR 170 (Delhi) (HC) Editorial: SLP is granted to the revenue , CIT v. Dharampal Premchand Ltd ( 2018) 405 ITR 27 (St)
S. 153A : Assessment – Search and seizure-No incriminating material was found- Rejection of claim u/s 80IB, 80IC is held to be not justified [ S.80IB, 80IC, 132 ]