Deduction u/s 80IB - undertaking not qualifying as an SSI (Small ...

Entity Denied Tax Deduction u/s 80IB for Not Qualifying as Small Scale Industry Due to Excessive Costs.

July 16, 2022

Case Laws Income Tax AT

Deduction u/s 80IB - undertaking not qualifying as an SSI (Small Scale Industry) unit - Considering our finding above of inclusion of computers cost, patterns, fixtures and factory equipment and product development and preoperative cost, this alone makes the assessee ineligible to SSI status as per IDRA Act and it can be safely held accordingly therefore that the assessee is not eligible to deduction u/s 80IB of the Act. - AT

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Deduction u/s 80IB - undertaking not qualifying as an SSI (Small ...

Entity Denied Tax Deduction u/s 80IB for Not Qualifying as Small Scale Industry Due to Excessive Costs.

July 16, 2022

Case Laws Income Tax AT

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