Addition u/s 41 - Where the assessee continues to carry on the ...

Section 41(1) Still Applies: Business Loses Section 80P Benefits Due to Legal Changes in Income Tax Act.

April 22, 2017

Case Laws Income Tax AT

Addition u/s 41 - Where the assessee continues to carry on the same business but in the later years, it is not eligible for section 80P due to amendment in the law as has happened in the instant case, it cannot be held that the provisions of section 41(1) are not applicable. - AT

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Addition u/s 41 - Where the assessee continues to carry on the ...

Section 41(1) Still Applies: Business Loses Section 80P Benefits Due to Legal Changes in Income Tax Act.

April 22, 2017

Case Laws Income Tax AT

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