Entitlement to deduction under Section 80IB - admittedly the ...

Court Denies Deduction u/s 80IB for Machines Sold to Group Companies for Commercial Use.

July 15, 2015

Case Laws Income Tax HC

Entitlement to deduction under Section 80IB - admittedly the three (3) machines were sold by the assessee, of course, to its group companies for consideration. Hence, it cannot be said that the machines were manufactured only on trial basis and not for commercial purposes - HC

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Entitlement to deduction under Section 80IB - admittedly the ...

Court Denies Deduction u/s 80IB for Machines Sold to Group Companies for Commercial Use.

July 15, 2015

Case Laws Income Tax HC

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