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Income Tax - Highlights / Catch Notes

Home Highlights February 2017 Year 2017 This

Deduction u/s 80IB - The assessee-firm was not manufacturing ...


Assessee-firm allowed Section 80IB deduction for diverse jewellery production despite challenges in maintaining daily records.

February 25, 2017

Case Laws     Income Tax     AT

Deduction u/s 80IB - The assessee-firm was not manufacturing proto-type of jewellery. It has produced variety of items containing numerous designs, shape, size and specification. It is not feasible or possible to maintain any quantitative records on daily basis - Benefit of exemption allowed - AT

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