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Income Tax - Highlights / Catch Notes

Home Highlights November 2012 Year 2012 This

Deduction U/S 80IA - Insurance money received - in the absence ...


Insurance Money Excluded from Section 80-IA Tax Deductions Without Direct Business Connection, Court Rules.

November 21, 2012

Case Laws     Income Tax     HC

Deduction U/S 80IA - Insurance money received - in the absence of any nexus shown between the compensation received and the business activities of the industrial undertaking, the compensation could not be held as derived from the undertaking for the purpose of inclusion under Section 80-IA - HC

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