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Income Tax - Highlights / Catch Notes

Home Highlights September 2019 Year 2019 This

Disallowance 80IB - crude oil production - separate eligible ...


Oil Wells as Composite Plant: No Impact on Section 80IB Deductions for Crude Oil Production.

September 3, 2019

Case Laws     Income Tax     AT

Disallowance 80IB - crude oil production - separate eligible undertaking - treating the oil wells as a composite plant for sec. 32(2A) investment allowance deduction does not apply so far as sec. 80IB deduction claim is concerned.

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