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Income Tax - Highlights / Catch Notes

Home Highlights November 2015 Year 2015 This

Deduction u/s.80P(2)(a)(iv) on income from operation of water ...


Tax Deduction Denied: Section 80P(2)(a)(iv) Doesn't Apply to Non-Agricultural Water Use Income.

November 17, 2015

Case Laws     Income Tax     AT

Deduction u/s.80P(2)(a)(iv) on income from operation of water treatment plant - the water was not exclusively intended for agricultural use - claim of the assessee was rightly denied - AT

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