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Income Tax - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Deduction u/s 80-IB - if a small scale industry, in the course ...


Small-scale industry can claim section 80-IB deduction for 10 years, even after growth changes its status.

August 18, 2015

Case Laws     Income Tax     HC

Deduction u/s 80-IB - if a small scale industry, in the course of 10 years, stabilizes early, makes further investments in the business and it results in it's going outside the purview of the definition of a small scale industry, that should not come in the way of its claiming benefit under section 80-IB for 10 consecutive years, from the initial assessment year - HC

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