Deduction u/s. 80IB(7B) - Even if separate books of account are ...

Section 80IB(7B) Deduction Allowed Without Separate Accounts for Convention Centers if True Profits are Proven.

September 7, 2013

Case Laws Income Tax AT

Deduction u/s. 80IB(7B) - Even if separate books of account are not maintained for convention centre, if the assessee is in a position to show the true and correct profit from the convention centre, the deduction u/s. 80IB is to be granted. Nonmaintenance of separate books of account for convention centre itself cannot be a reason for out rightly rejecting the claim u/s. 80IB of the Act - AT

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Deduction u/s. 80IB(7B) - Even if separate books of account are ...

Section 80IB(7B) Deduction Allowed Without Separate Accounts for Convention Centers if True Profits are Proven.

September 7, 2013

Case Laws Income Tax AT

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