2019 (3) TMI 1151

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....RDER PER GEORGE GEORGE K., JM This appeal at the instance of the assessee is directed against CIT(A)'s order dated 14.12.2017. The relevant assessment year is 2013-2014. 2. The grounds raised read as follows:- "1. The order dated 14-12-2017 in Appeal No. ITA No.272/E/CIT(A)-1/16-17 passed by the Ld. Commissioner of Income Tax (Appeals)-I, Kochi for the A Y 2013-14 confirming the addition made....

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....etter dated 15/12/2015. The CIT (Appeals) and the assessing officer failed to take note of the intention of the legislature in introducing section 54G of the Act for granting exemption to such industrial undertakings. 5. The authorities below ought to have granted exemption under section 54G of the Act as claimed by the appellant for the A Y 2013-14. For these and other grounds to be raised at....

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....lowed the claim of exemption u/s 54G of the I.T.Act vide assessment order dated 28.03.2016 completed u/s 143(3) of the I.T.Act. The Assessing Officer held that the assessee's industrial unit was not located in a notified `urban area' as per the provisions of section 54G of the I.T.Act and hence the assessee was not entitled to deduction u/s 54G of the I.T.Act. 4. Aggrieved by the assessment order....