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Income Tax - Highlights / Catch Notes

Home Highlights July 2015 Year 2015 This

Disallowing the claim u/s. 80IC - The same business was ...


Section 80IC Claim Denied: Business Partially Moved to Kala Amb, Seen as Reconstruction Without Adequate Evidence.

July 27, 2015

Case Laws     Income Tax     AT

Disallowing the claim u/s. 80IC - The same business was continued but only a part was shifted to Kala Amb. Therefore, it is a reconstruction of the existing business and assessee has failed to establish its claim before the revenue authorities. - AT

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