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2013 (8) TMI 141 - HC - Income TaxDeduction u/s 80IB - Disallowance of labour expenses u/s 40(a)(ia) - Tribunal allowed deduction - Held that:- It may be that certain expenditure may be disallowed on the ground that tax deductible at source at the time of making such payment was done by the assessee. Nevertheless, no effect of such disallowance would be there on the assessee's profit from its construction activity since it would be increased to that extent. Nevertheless, such increased income would also qualify for deduction, even otherwise, available under the statute - Following decision of CIT v. Radhe Developers [2011 (12) TMI 248 - GUJARAT HIGH COURT] - Decided against Revenue.
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