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Income Tax - Highlights / Catch Notes

Home Highlights May 2013 Year 2013 This

Notification U/s 80IB(4) - the process of bottling the LPG Gas ...


Bottling LPG gas into cylinders is a manufacturing activity, qualifies for Section 80IB(4) tax deductions, says High Court.

May 6, 2013

Case Laws     Income Tax     HC

Notification U/s 80IB(4) - the process of bottling the LPG Gas into cylinder makes the same marketable - It therefore follows that a new product comes into existence - deduction allowed - HC

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