https://www.taxtmi.com/caselaws?id=446663 Delhi HC ruled in favor of the assessee regarding Section 80IA deduction claims. The assessee operated internet and data transmission services from 2002-03 and later acquired NLD and ILD licenses in 2008. The AO disallowed tax holiday benefits on proportionate basis, arguing a new undertaking was established. The Tribunal found no evidence of separate undertaking establishment, noting the assessee merely expanded existing services to include private internet services for closed user groups. HC upheld the Tribunal's decision, concluding no new undertaking existed post-2005, only business expansion with niche consumer base addition. en-us Thu, 16 Nov 2023 00:00:00 +0530 Thu, 29 Aug 2024 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446663 Delhi HC ruled in favor of the assessee regarding Section 80IA deduction claims. The assessee operated internet and data transmission services from 2002-03 and later acquired NLD and ILD licenses in 2008. The AO disallowed tax holiday benefits on proportionate basis, arguing a new undertaking was established. The Tribunal found no evidence of separate undertaking establishment, noting the assessee merely expanded existing services to include private internet services for closed user groups. HC upheld the Tribunal's decision, concluding no new undertaking existed post-2005, only business expansion with niche consumer base addition. Case-Laws Income Tax Thu, 16 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446663