Deduction u/s 80IB (7)(a) - assessee failed to establish that ...

Deduction Denied u/s 80IB: Saloon Business Not Integral to Hotel Operations, Lacks Direct Profit Connection.

August 16, 2019

Case Laws Income Tax HC

Deduction u/s 80IB (7)(a) - assessee failed to establish that the saloon business was the part and parcel of the core activity of the hotel business - There must be, for the application of the word "derived from", a direct nexus between profits and gains and the industrial undertakings - Additions confirmed.

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Deduction u/s 80IB (7)(a) - assessee failed to establish that ...

Deduction Denied u/s 80IB: Saloon Business Not Integral to Hotel Operations, Lacks Direct Profit Connection.

August 16, 2019

Case Laws Income Tax HC

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