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Income Tax - Highlights / Catch Notes

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Deduction u/s 80IB - assessee was awarded contract by the Slum ...


Income Tax Deduction Allowed for SRA Project; Section 80IB(10) Clauses (a) and (b) Do Not Apply Per CBDT Notice.

April 24, 2019

Case Laws     Income Tax     HC

Deduction u/s 80IB - assessee was awarded contract by the Slum Rehabilitation Authority (SRA) under Slum Rehabilitation Program for development of a plot of land - as per notification of CBDT, requirements of clauses (a) and (b) of Section 80IB(10) would not apply to such projects - deduction allowable

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