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Income Tax - Highlights / Catch Notes

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Deduction u/s. 80IB(10) - no benefit could be allowed to ...


Projects Approved Before April 1, 2004, Ineligible for Section 80IB(10) Income Tax Deductions; Correcting Jurisprudence Errors.

April 14, 2018

Case Laws     Income Tax     AT

Deduction u/s. 80IB(10) - no benefit could be allowed to projects approved prior to 01st April 2004, the said error/mistake cannot be allowed to be perpetuated as there is no heroism in perpetuating the mistake is a cardinal principle of jurisprudence. - AT

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