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Income Tax - Highlights / Catch Notes

Home Highlights February 2017 Year 2017 This

Deduction u/s 80IB(7) - For own lethargy or inaction on the part ...


Taxpayer Entitled to Section 80IB(7) Deduction Despite Income Tax Officer's Delay, Says High Court.

February 16, 2017

Case Laws     Income Tax     HC

Deduction u/s 80IB(7) - For own lethargy or inaction on the part of an officer of Income Tax Department, a deduction which otherwise may be available to Assessee, cannot be denied since it is not a case where Assessee is disqualified being ineligible for such deduction but question of approval is pending before Competent Authority, who is a senior officer of Income Tax Department - HC

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