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Income Tax - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

Deduction u/s 80IE - As such, this is the expenditure, which has ...

Income Tax

July 26, 2016

Deduction u/s 80IE - As such, this is the expenditure, which has been booked in excess in earlier year and by this amount the deduction u/s 80IE has been reduced in the said year since the deduction is available for the unit for consecutive 10 years. AO’s action in treating the excess provision written back as income cannot be justified, hence deleted - AT

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