Deduction u/s 10AA - AO estimated profit of SEZ unit at 3% as ...

Assessing Officer Fails to Prove Collusion; SEZ Unit's Deduction u/s 10AA Allowed as Declared Profit Stands.

June 19, 2019

Case Laws Income Tax AT

Deduction u/s 10AA - AO estimated profit of SEZ unit at 3% as against 6.95% of the turnover - the onus is on AO to prove the presence of any arrangement between the parties which have resulted in extraordinary profits to the eligible unit and he could have, at least, brought variation in price of supply of commodity from different units on record to establish collusion/arrangement - onus remains undischarged - deduction allowable

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Deduction u/s 10AA - AO estimated profit of SEZ unit at 3% as ...

Assessing Officer Fails to Prove Collusion; SEZ Unit's Deduction u/s 10AA Allowed as Declared Profit Stands.

June 19, 2019

Case Laws Income Tax AT

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