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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

Denial of deduction u/s 80HHD - the income from the money ...


Court Denies Deduction u/s 80HHD; Money Exchange Business Profits Considered Business Income, Not Eligible for Deduction.

September 15, 2012

Case Laws     Income Tax     HC

Denial of deduction u/s 80HHD - the income from the money exchange business is a business income as the assessee has, by the said activity, earned profits. - HC

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