https://www.taxtmi.com/caselaws?id=361469 The High Court of Calcutta addressed two key issues in this case. Firstly, it examined the interpretation of Section 80-1A of the Income Tax Act, 1961 concerning deductions for industrial undertakings engaged in infrastructure development. The court considered whether the respondent assessee was entitled to claim benefits under this section without a formal notification from the Central Government. Secondly, the court reviewed the determination of interest on loans provided by the respondent assessee to sister concerns, emphasizing the factual assessment of the relationships involved. Ultimately, the court's decision highlighted the importance of distinguishing between legal and factual considerations in resolving these matters. en-us Tue, 08 May 2018 00:00:00 +0530 Wed, 06 Jun 2018 18:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361469 The High Court of Calcutta addressed two key issues in this case. Firstly, it examined the interpretation of Section 80-1A of the Income Tax Act, 1961 concerning deductions for industrial undertakings engaged in infrastructure development. The court considered whether the respondent assessee was entitled to claim benefits under this section without a formal notification from the Central Government. Secondly, the court reviewed the determination of interest on loans provided by the respondent assessee to sister concerns, emphasizing the factual assessment of the relationships involved. Ultimately, the court's decision highlighted the importance of distinguishing between legal and factual considerations in resolving these matters. Case-Laws Income Tax Tue, 08 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361469