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Income Tax - Highlights / Catch Notes

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Exemption 10A(7) r.w.s. 80IA(10) - Excessive profit - since the ...


Exemption 10A(7) and Section 80IA(10): Assessee's Efficient Operations Justify Higher Profits; AO's Restriction Deemed Incorrect.

April 29, 2013

Case Laws     Income Tax     AT

Exemption 10A(7) r.w.s. 80IA(10) - Excessive profit - since the assessee's operations are efficient enough to obtain more profits AO's action in restricting the profits is not correct. - AT

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