Thursday, February 20, 2020

Substantial Expansion undertaken within specified window eligible for section 80-IC deduction, SLP dismissed

INCOME TAX: Where High Court held that assessee undertaking which carried out 'substantial expansion' within specified window period i.e. between 7-1-2003 and 1-4-2012, would be entitled to deduction on profits at rate of 100 per cent, under section 80-IC post said expansion, SLP filed against said order was to be dismissed

from www.taxmann.com Latest Case Laws https://ift.tt/2SL2jJX

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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