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Income Tax - Highlights / Catch Notes

Home Highlights February 2012 Year 2012 This

Deduction under 80-IC - Proprietorship Converted into ...


Section 80-IC Deduction Stands: Conversion to Partnership Doesn't Affect Eligibility Despite Section 80-IA's Amalgamation Rule.

February 16, 2012

Case Laws     Income Tax     HC

Deduction under 80-IC - Proprietorship Converted into Partnership Concern - Benefit of 80IC cannot be denied only on the ground that section 80-IA embraces only cases of amalgamation or demerger of Indian Company.... - HC

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