{"id":13987,"date":"2020-11-23T12:38:35","date_gmt":"2020-11-23T12:38:35","guid":{"rendered":"https:\/\/itatonline.org\/digest\/lotus-labs-p-ltd-v-dy-cit-202079-itr-295-bang-trib\/"},"modified":"2020-11-23T12:38:35","modified_gmt":"2020-11-23T12:38:35","slug":"lotus-labs-p-ltd-v-dy-cit-202079-itr-295-bang-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/lotus-labs-p-ltd-v-dy-cit-202079-itr-295-bang-trib\/","title":{"rendered":"Lotus Labs P. Ltd. v. Dy. CIT (2020)79 ITR 295 (Bang) (Trib)"},"content":{"rendered":"<p>Tribunal held that\u00a0 the disallowance had resulted in enhancing the deduction under section\u00a080IB(8A)\u00a0. The disallowance had been made because of the statutory provisions under section\u00a037\u00a0and as a consequence of such disallowance there was an increase in the income in the hands of assessee. Therefore in computing the deduction under section\u00a080IB(8A)\u00a0in the hands of the assessee the disallowance so made ought to be considered. \u00a0Tribunal directed the AO\u00a0 to compute the deduction under section\u00a080IB(8A) in accordance with law.( AY.2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80IB: Industrial undertakings &#8211; Disallowance of expenses Deduction to be computed taking into account income enhanced. [ S. 37, 80IB(8A) ] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-13987","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3DB","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=13987"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13987\/revisions"}],"predecessor-version":[{"id":13988,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13987\/revisions\/13988"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=13987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=13987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=13987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}