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Income Tax - Highlights / Catch Notes

Home Highlights August 2014 Year 2014 This

Deduction u/s 80IB(2)(iii) - assessee received sales tax VAT ...


Sales Tax VAT Incentives Classified as Government Benefits, Not Eligible Business Profits u/s 80IB(2)(iii) for Tax Deductions.

August 26, 2014

Case Laws     Income Tax     AT

Deduction u/s 80IB(2)(iii) - assessee received sales tax VAT incentives is the first degree and it is Govt. benefit and it is not industrial undertaking benefit, it is not a profit derived from eligible business - AT

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