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2023 (8) TMI 757 - ITAT MUMBAIDeduction u/s 80IA for CFS division - acquisition of the business under a Slump Sale business agreement - HELD THAT:- AR contentions that the assessee company is entitled to the deduction U/sec 80IA of the Act as the transferor company has already entered into agreement in carrying on the business as CFS and benefit of deduction is available to the assessee company as it was acquired under Slump Sale and there is only change of ownership and activities of the assessee fall under sec 80IA(4) of the Actis acceptable. We find the CIT(A) has dealt on the facts, provisions of law, remand report, rejoinder and judicial decisions. The Ld. DR could not controvert the findings of the CIT(A) with any new cogent material or information to take different view. CIT(A) has passed a reasoned and logical order. Accordingly,no infirmity in the order of the CIT(A) and uphold the same and dismiss the grounds of appeal of the revenue.
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