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Income Tax - Highlights / Catch Notes

Home Highlights August 2014 Year 2014 This

Claim of deduction u/s 80IB(3) – Status of SSI ceased in 9th ...


High Court Rules Growing Business Can Still Claim Section 80IB Deduction Despite Exceeding SSI Definition Limits.

August 21, 2014

Case Laws     Income Tax     HC

Claim of deduction u/s 80IB(3) – Status of SSI ceased in 9th year - Merely because an industry stabilizes early, makes profits, makes future investment in the said business, and it goes out of the definition of the small scale industry, the benefit u/s 80IB cannot be denied - HC

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