{"id":14671,"date":"2020-12-30T10:49:44","date_gmt":"2020-12-30T10:49:44","guid":{"rendered":"https:\/\/itatonline.org\/digest\/lulu-tech-park-pvt-ltd-v-pcit-2020-428-itr-514-madhc\/"},"modified":"2020-12-30T10:49:44","modified_gmt":"2020-12-30T10:49:44","slug":"lulu-tech-park-pvt-ltd-v-pcit-2020-428-itr-514-madhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/lulu-tech-park-pvt-ltd-v-pcit-2020-428-itr-514-madhc\/","title":{"rendered":"Lulu Tech Park Pvt. Ltd. v. PCIT (2020) 428 ITR 514 (Mad)(HC)"},"content":{"rendered":"<p>Allowing the appeal the Court held that the Tribunal was not right in holding that the assessee\u2019s income from the technology park owned, developed and maintained by it was assessable under the head Income from house property \u00a0and not under the head Income from business. Court also held that the Appellate Tribunal is not justified in remitting the matter to the AO after holding that the assessee is eligible deduction u\/s. 80IAB of the Act .( AY.2008-09)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 28(i) : Business income \u2013 Income from house property &#8211; Rental income from technology park- Assessable as business income &#8211; Special Economic Zone  -Appellate Tribunal \u2013 Remitting the matter is held to be not proper    [ S.22,  80IAB , 254(1)  ] <\/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-14671","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3OD","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14671","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=14671"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14671\/revisions"}],"predecessor-version":[{"id":14672,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14671\/revisions\/14672"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=14671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=14671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=14671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}