https://www.taxtmi.com/caselaws?id=397814 The tribunal upheld the CIT(A)'s decision, dismissing the appeal and affirming the disallowance of the deduction under Section 80ID of the Income Tax Act. The assessee failed to meet the conditions specified under Section 80ID, specifically regarding the formation of the business by transferring an existing hotel building. The tribunal emphasized that such formation disqualified the assessee from claiming the deduction. en-us Mon, 24 Aug 2020 00:00:00 +0530 Sat, 29 Aug 2020 19:42:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397814 The tribunal upheld the CIT(A)'s decision, dismissing the appeal and affirming the disallowance of the deduction under Section 80ID of the Income Tax Act. The assessee failed to meet the conditions specified under Section 80ID, specifically regarding the formation of the business by transferring an existing hotel building. The tribunal emphasized that such formation disqualified the assessee from claiming the deduction. Case-Laws Income Tax Mon, 24 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397814