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Income Tax - Highlights / Catch Notes

Home Highlights January 2020 Year 2020 This

Deduction u/s 10B - products namely CT/PT manufactured or not? - ...


Dispute over Section 10B deduction: Assessee challenges AO's claim, provides evidence of labor charges for CT/PT manufacturing.

January 30, 2020

Case Laws     Income Tax     AT

Deduction u/s 10B - products namely CT/PT manufactured or not? - Assessee during the year has paid the job worker the labour charges to its associated concern as evident from the copies of the ledgers. Therefore, the finding of the AO that there was no labour charge paid by the assessee is based on wrong assumption of facts.

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