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Income Tax - Highlights / Catch Notes

Home Highlights July 2014 Year 2014 This

After allowing depreciation, unabsorbed loss and unabsorbed ...


Assessee Ineligible for Deductions u/ss 80HH and 80I Due to Lack of Positive Income After Depreciation.

July 4, 2014

Case Laws     Income Tax     HC

After allowing depreciation, unabsorbed loss and unabsorbed depreciation, there was no positive income - the assessee was not entitled to any deduction u/s 80HH & 80I of the Act - HC

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