Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2004 (10) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2004 (10) TMI 68 - HC - Income TaxRelief under section 80-1 - It may be mentioned that under section 80-I of the Act deduction is allowed in respect of profits and gains from industrial undertakings only. It is not available to all the activities of an assessee - as the applicant neither owns any plant or machinery nor has employed 10 or more persons as required in such undertaking, the Tribunal was justified in disallowing the claim of exemption under section 80-I
|