https://www.taxtmi.com/caselaws?id=400183 The court upheld the Income Tax Appellate Tribunal's decision to deny deduction under Section 80IB of the Income Tax Act to the assessee, who no longer qualified as a small scale industry. The court ruled against the assessee based on a Supreme Court precedent cited by the respondent. The appellant expressed intention to avail the Vivad Se Vishwas Scheme, prompting the court to direct the appellant to file the necessary form under the Act by a specified date. The appeals were disposed of with the possibility of restoration if the declaration outcome was unfavorable, leaving the Substantial Questions of Law open for future consideration, and no costs were imposed on either party. en-us Tue, 13 Oct 2020 00:00:00 +0530 Fri, 30 Oct 2020 11:06:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400183 The court upheld the Income Tax Appellate Tribunal's decision to deny deduction under Section 80IB of the Income Tax Act to the assessee, who no longer qualified as a small scale industry. The court ruled against the assessee based on a Supreme Court precedent cited by the respondent. The appellant expressed intention to avail the Vivad Se Vishwas Scheme, prompting the court to direct the appellant to file the necessary form under the Act by a specified date. The appeals were disposed of with the possibility of restoration if the declaration outcome was unfavorable, leaving the Substantial Questions of Law open for future consideration, and no costs were imposed on either party. Case-Laws Income Tax Tue, 13 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400183