Deduction u/s. 80IB - The exemption provisions are to be ...
Income Tax
September 19, 2022
Deduction u/s. 80IB - The exemption provisions are to be strictly construed. Even if we accept that books of accounts, vouchers etc. were destroyed in a fire, firstly the assessment order in first round was passed prior to the date of fire, and secondly even if primary evidences are not available, the assessee could have collected secondary evidences to demonstrate its bona-fide in case of installation of plant and machinery during the year under consideration - Assessee could have been procured as secondary evidence to justify employability of twenty or more workers in manufacturing process. - AT
View Source
