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Income Tax - Highlights / Catch Notes

Home Highlights June 2012 Year 2012 This

Deduction u/s 80IB - Since the project was approved before ...


Section 80IB Deduction Valid: Project Approved Before April 1, 2005, Exempt from Revised Provisions. Assessing Officer Consistency.

June 18, 2012

Case Laws     Income Tax     AT

Deduction u/s 80IB - Since the project was approved before 1.4.2005 and as AO allowed deduction in earlier years, there is no need for disallowing the deduction in these years, as revised provisions do not apply to the projects approved earlier to 01-04-05. - AT

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