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TMI Blog2018 (6) TMI 296X X X X Extracts X X X X X X X X Extracts X X X X ..... rial park or special economic zone being published by the Central Government and it is on AO to ascertain whether the terms as to the completion of the project have been complied by assessee before allowing the benefit - thus it is directed that Revenue will prepare the paper-books and file them within eight weeks. Interest on loan given to sister concern - Held that:- Whether an entity is asso ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or enterprises engaged in infrastructure development. The second question pertains to an issue of interest in respect of certain sister concerns of the respondent assessee to whom certain loans were made available by the assessee. To begin with the second aspect first, the primary grievance of the Revenue is that the appellate tribunal failed to appreciate that the connection between the respon ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... been issued for the industrial park or special economic zone to be regarded as such. The Revenue refers to Section 80- 1A(4)(iii) of the Act and the expression any undertaking which develops, develops and operates or maintains and operates an industrial park or special economic zone notified by the Central Government in accordance with the scheme framed and notified by that Government in such r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... see undertaking any work for developing or operating or maintaining an industrial park or special economic zone may claim the benefit under Section 80-1A of the Act only upon a notification pertaining to the industrial park or special economic zone being published by the Central Government and whether it is for the assessing officer or the income tax authorities to ascertain whether the terms as t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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