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Income Tax - Highlights / Catch Notes

Home Highlights November 2011 Year 2011 This

Deduction u/s 80IB - Once it is accepted that the shopping area ...


Deduction Granted u/s 80IB: Shopping Area Less Than 10% of Total Project Qualifies Entire Project for Tax Benefit.

November 30, 2011

Case Laws     Income Tax     AT

Deduction u/s 80IB - Once it is accepted that the shopping area of the assessee's this project was below 10% of the total project area, 80IB deduction has to allowed the assessee for the whole project and no disallowance can be made with regard to shops.... - AT

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