Exemption u/s 10A(2) - Deduction u/s 80HHE - Tribunal in the ...

Tribunal Rules Transfer of Entire Business as Continuation, Not New Creation; Section 10A(2) and 80HHE Apply.

April 9, 2012

Case Laws Income Tax HC

Exemption u/s 10A(2) - Deduction u/s 80HHE - Tribunal in the present case has come to the conclusion that where a running business is transferred lock, stock and barrel by one assessee to another assessee the principle of reconstruction, splitting up and transfer of plant and machinery cannot be applied - Reconstruction is of a business already in existence and there must be a continuation of the activities and business of the same industrial undertaking - HC

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Exemption u/s 10A(2) - Deduction u/s 80HHE - Tribunal in the ...

Tribunal Rules Transfer of Entire Business as Continuation, Not New Creation; Section 10A(2) and 80HHE Apply.

April 9, 2012

Case Laws Income Tax HC

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