#section 80ia

Production of cinematograph film amounts to manufacture by industrial undertaking

If the production of cinematograph film amounts to “manufacture of an article or goods” within the meaning of section 104(4)(a) as it then stood, it follows that the said activity must be treated as an “industrial undertaking” within the purview of section 80J of the Income-tax Act, 1961. Apart from the circular, we are satisfied that, even on a common sense view, “film production” will have to…

Sadbhav Engineering Ltd. vs. Dy. CIT (ITAT Ahemdabad)In the instant case, the assessee claimed deduction u/s.80IA(4) of the Act for all the years which were disallowed by the AO on the ground that as per provisions of section 80IA(5) of the Act the…

Issue – The facts relating to the two issues are stated in brief. The assessee is a Kerala State owned public limited company, engaged in the business of providing infrastructural facilities to industries. It runs an industrial park at Kakkanad, Kochi.…

Whether the expenditure incurred by a unit can be reallocated to another unit engaged in job work and claiming deduction u/s 80IA and 80IB, as the case may be, merely because the profits were significantly higher than profits earned by the assessee from…