Sec. 80-IA deduction couldn’t be denied to successor co. where erstwhile firm has fulfilled prescribed conditions: SC

INCOME TAX : Assessee company which succeeded erstwhile partnership firm, which had entered into an agreement with Rajasthan Government for construction of road and collection of toll tax will be entitled to deduction under section 80IA being an enterprise carrying on stated business pertaining to infrastructure facility and owned by a Company registered in India. Original agreement entered into with firm automatically stood converted in favour of assessee company, which came into existence bein

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