Dismissing the appeal of the revenue the Court held that the assessee had applied for non-automatic approval under said scheme, requirement that a unit not to occupy more than 50 per cent of area did not apply to its case. Tribunal is justified in allowing the deduction. (AY. 2007-08)
CIT v. Primal Projects (P.) Ltd. (2021) 279 Taxman 415 / 203 DTR 167 (Karn.)(HC)
S. 80IA : Industrial undertakings-Infrastructure development-Non-automatic approval-Requirement that a unit not to occupy more than 50 per cent of area did not apply-Entitle to deduction.