Deduction u/s 80IB(10) - there could be no presumption that ...

Case Laws Income Tax

August 1, 2019

Deduction u/s 80IB(10) - there could be no presumption that surrendered amount would represent business income unless and until assessees satisfies the authorities below that assessees have complied with the conditions of Section 80IB(10) while earning the impugned undisclosed income - Since assessee failed to prove through any evidence or material on record, same will be income from other sources - no deduction

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Deduction u/s 80IB(10) - there could be no presumption that ...

Case Laws Income Tax

August 1, 2019

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