https://www.taxtmi.com/caselaws?id=401022 The Karnataka High Court, in a judgment dated 09.11.2020, quashed the Tribunal's order regarding the eligibility of the assessee for deduction under section 80IA(4)(iii) of the Income Tax Act for the Assessment Year 2006-07. The Court directed the Tribunal to re-examine whether the assessee complied with the conditions specified in the Industrial Park Scheme, 2002 to determine eligibility. Additionally, the Court instructed a fresh examination to ascertain compliance with prescribed conditions for claiming the deduction under Section 80IA(4)(iii) without specifically addressing the definition of "unit." en-us Mon, 09 Nov 2020 00:00:00 +0530 Tue, 24 Nov 2020 17:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401022 The Karnataka High Court, in a judgment dated 09.11.2020, quashed the Tribunal's order regarding the eligibility of the assessee for deduction under section 80IA(4)(iii) of the Income Tax Act for the Assessment Year 2006-07. The Court directed the Tribunal to re-examine whether the assessee complied with the conditions specified in the Industrial Park Scheme, 2002 to determine eligibility. Additionally, the Court instructed a fresh examination to ascertain compliance with prescribed conditions for claiming the deduction under Section 80IA(4)(iii) without specifically addressing the definition of "unit." Case-Laws Income Tax Mon, 09 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401022