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Income Tax - Highlights / Catch Notes

Home Highlights August 2013 Year 2013 This

Deduction u/s 80IB - SSI industry - value of plant and machinery ...


Small Scale Industry Deduction: Maintain Eligibility by Meeting Conditions Annually; Plant & Machinery Value Must Stay Within Rs.1 Crore Limit.

August 26, 2013

Case Laws     Income Tax     AT

Deduction u/s 80IB - SSI industry - value of plant and machinery had exceeded Rs.1 crore in subsequent years - The rest of the three conditions are to be fulfilled on year to year basis. The industrial undertaking must show in each subsequent year of claim that these three conditions have not been violated. AT

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