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Income Tax - Highlights / Catch Notes

Home Highlights April 2015 Year 2015 This

Deduction u/s 80IB - The running of stone crusher is a business ...


Stone Crusher Operations Not Considered Manufacturing for Section 80IB Tax Deductions; Sham Transactions Also Ineligible.

April 3, 2015

Case Laws     Income Tax     AT

Deduction u/s 80IB - The running of stone crusher is a business involving converting of boulders into smaller stones like bajri, etc which is not considered manufacturing for the purpose of 80IB. - A sham transaction in no way can be eligible for deduction u/s 80IB. - AT

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