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Income Tax - Highlights / Catch Notes

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Deduction u/s 80IB - Income of assessee or Government - AP ...


AP Housing Board's Income Taxable Under IT Act; Article 289(1) Doesn't Exempt It, Section 80IB Deductions Applicable.

October 16, 2013

Case Laws     Income Tax     AT

Deduction u/s 80IB - Income of assessee or Government - AP Housing Board - assessee’s contention that income of Board cannot be subjected to tax under income-tax Act, in view of provisions contained under Article 289(1) of Constitution of India is not acceptable. - AT

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