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Income Tax - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

Deduction u/s 80-IA - Whether the Tribunal was right in holding ...


High Court Confirms No Section 80-IA Deduction Without Taxable Income, Despite Net Profit in Eligible Unit.

February 19, 2016

Case Laws     Income Tax     HC

Deduction u/s 80-IA - Whether the Tribunal was right in holding that the deduction under Section 80-IA is not allowable at all to the assessee since there was no taxable income though the unit eligible for deduction had net profit - Held Yes - HC

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