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Income Tax - Highlights / Catch Notes

Home Highlights November 2011 Year 2011 This

Deduction u/s 10B - AO is not justified in denying the deduction ...


AO Wrongly Denies Rs. 4.78 Crore Deduction to Company u/s 10A Due to Alleged Lack of Profits.

November 23, 2011

Case Laws     Income Tax     AT

Deduction u/s 10B - AO is not justified in denying the deduction u/s 10A (determined at Rs.4,78,57,158) for the reason that the assessee company did not have any profits left for allowing the deduction computed u/s 10A.... - AT

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