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Income Tax - Highlights / Catch Notes

Home Highlights November 2020 Year 2020 This

Deduction u/s 80IB - there is substantial force in the claim of ...

Income Tax

November 30, 2020

Deduction u/s 80IB - there is substantial force in the claim of the assessee that deduction u/s 80IB has to be allowed on the amount of profits and gains derived by him the eligible business within the meaning of the said statutory provision, as finally determined. - Disallowance of expenses claimed by the assessee as regards his eligible business would increase its income which again will be exempt u/s 80IB. - AT

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