https://www.taxtmi.com/highlights?id=70987 Deduction u/s 80IA(4)(iii) - approval of Industrial Park by the Empowered Committee - The objection of the AO that the Industrial Park was being developed by the partnership firm is also not factually correct, in view of the explanation offered by the Assessee and also the letter issued by the Competent Authority. Once the Central Government grants the approval, it is incumbent on the part of the AO to grant the claim of deduction. - HC en-us Wed, 19 Jul 2023 09:05:59 +0530 Wed, 19 Jul 2023 17:39:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=70987 Deduction u/s 80IA(4)(iii) - approval of Industrial Park by the Empowered Committee - The objection of the AO that the Industrial Park was being developed by the partnership firm is also not factually correct, in view of the explanation offered by the Assessee and also the letter issued by the Competent Authority. Once the Central Government grants the approval, it is incumbent on the part of the AO to grant the claim of deduction. - HC Highlights Income Tax Wed, 19 Jul 2023 09:05:59 +0530 https://www.taxtmi.com/highlights?id=70987