Held, dismissing the appeal, that no new undertaking had come into existence after March 31, 2005. The assessee had provided internet services from the assessment year 2002-03 and continued to provide internet services. The only difference was that it had expanded its business by adding to it a niche consumer base on acquisition of the international long distance and national long distance licences in the year 2008. The attempt of the Assessing Officer to excise a portion of the benefit, could not pass muster upon perusal of the plain language of section\u00a080-IA(4)(ii). The Tribunal did not err in deleting the disallowance made under section\u00a080-IA.No substantial question of law. (AY.2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 80IA : Industrial undertakings-Enterprises engaged in infrastructure development-Telecommunications Services-Expansion of business by acquiring international and national long distance licences-Entitled to deduction. [S.80IA(4)(ii)]<\/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-47601","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cnL","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47601","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=47601"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47601\/revisions"}],"predecessor-version":[{"id":47602,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47601\/revisions\/47602"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=47601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=47601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=47601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}