https://www.taxtmi.com/caselaws?id=401023 The High Court upheld the Tribunal's decision, confirming the assessee's eligibility for deduction under Section 80IA(4)(iii) of the Income Tax Act. The Court found that the assessee complied with the conditions of the Industrial Park Scheme and Rule 18C(3) of the Income Tax Rules. It was determined that leasing multiple floors to a single company constituted separate industrial units, meeting the requirements. Additionally, the Court ruled that the timing of the deduction claim was valid, and the assessee did not violate the condition regarding the allocable industrial area. The appeal by the revenue was dismissed in favor of the assessee. en-us Tue, 10 Nov 2020 00:00:00 +0530 Wed, 25 Nov 2020 10:24:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401023 The High Court upheld the Tribunal's decision, confirming the assessee's eligibility for deduction under Section 80IA(4)(iii) of the Income Tax Act. The Court found that the assessee complied with the conditions of the Industrial Park Scheme and Rule 18C(3) of the Income Tax Rules. It was determined that leasing multiple floors to a single company constituted separate industrial units, meeting the requirements. Additionally, the Court ruled that the timing of the deduction claim was valid, and the assessee did not violate the condition regarding the allocable industrial area. The appeal by the revenue was dismissed in favor of the assessee. Case-Laws Income Tax Tue, 10 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401023