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Income Tax - Highlights / Catch Notes

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Denial of claim of exemption u/s 80P(2)(a)(i) – Letting out of ...


Exemption Denied: Letting Out Surplus Space Doesn't Qualify for Deduction u/s 80P(2)(a)(i) of Income Tax Act.

October 16, 2014

Case Laws     Income Tax     AT

Denial of claim of exemption u/s 80P(2)(a)(i) – Letting out of surplus space in the building owned and used by the assessee is not such an activity falling under clause (c) - the assessee is not entitled for deduction u/s. 80P of the Act - AT

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