Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Deduction u/s 35DDA - Retrenchment compensation paid on the ...

Income Tax

February 20, 2019

Deduction u/s 35DDA - Retrenchment compensation paid on the closure of the assessee's manufacturing unit in Kalamassery - one unit out of three closed down - claim of deduction cannot be denied.

View Source

 


 

You may also like:

  1. Amortization of expenses u/s 35DDA - Amount paid to employees as severance pay – there is no justification for denying the deduction to the Assessee Company and...

  2. Deduction u/s 54 - LTCG invested in buying two residential units - the assessee would only entitle to the benefit of section 54, 1) if the assessee invested the LTCG...

  3. Retrenchment compensation paid by subsidiary to the workers of the two units which belonged to the assessee and which were transferred to the subsidiary and which amount...

  4. Closure of their factory due to disconnection of power supply - demand of central excise duty - power connection of the appellant unit was never restored during the...

  5. Refund of CENVAT credit remaining unutilized - closure of the unit - The State should not be enriched at the cost of the citizen in such circumstance - Refund allowed - AT

  6. There is no provision for cash refund of the unutilized Cenvat credit at the time of surrender of registration certificate on closure of unit.- AT

  7. Deduction u/s 80IC - manufacturing of plastic packaging products such as PET and HDPE bottles, jars, caps and closures - products manufactured by the assessee come...

  8. Applicability of Section 35DDA - VRS - It may be a different thing that the government persuaded or pressurized all the employees to accept the scheme giving threat of...

  9. Cash Refund of accumulated CENVAT Credit - closure of manufacturing activity - When right to refund does not accrue under law, claim thereof is inconceivable - refund...

  10. Allocation of head office expenses on R&D activity among the manufacturing units is not correct to re-calculate the deduction u/s 80IA. - HC

 

Quick Updates:Latest Updates