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DEDUCTION UNDER SECTION 80IC, Income Tax |
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DEDUCTION UNDER SECTION 80IC |
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COMPANY HAVE PURHCASED PLANT AND MACHINERY FROM UTTAR PRADESH FINANCE CORPORATION COMPANY UNDER 80IC COVER AREAS BUT A.O. HAS DISALLOWED AND ADDITION . REASON FOR U/S 80IC IS AVAILABLE ONLY NEW PURCHASES PLANT AND MACHINERY , MY COMPANY HAS PURCHASES UPFC AND TREAT AS FIRST . PLEASE SEND ANSWAR, COMPANY LIABLE 80IC OR NOT Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
The onus is on you to prove that the same are new plant and machinery. The mere fact the it has been purchased from UPFC is not sufficient to prove that the same has not been used previously. Page: 1 Old Query - New Comments are closed. |
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