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Income Tax - Highlights / Catch Notes

Home Highlights May 2017 Year 2017 This

Deduction U/s 80IE - eligible of deduction towards excess ...


Assessing Officer's Reduction of Section 80IE Deduction Deemed Unjustifiable for Excess Provision Written Back.

May 3, 2017

Case Laws     Income Tax     AT

Deduction U/s 80IE - eligible of deduction towards excess provision written back - by this amount the deduction u/s 80IE has been reduced in the said year since the deduction is available for the unit for consecutive 10 years, AO’s action in treating the excess provision written back as income cannot be justified - AT

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