Thursday, February 18, 2021

Assessee was entitled to sec. 80-IA exemption as substantial work of Solid waste management was carried out by it

INCOME TAX : Where assessee entered into an agreement with municipal corporation for providing work of waste treatment/processing/development/maintenance, since said agreement entered into between assessee and various authorities clearly indicated that substantial work of 'solid waste management' was carried out by assessee and not municipal authorities, assessee was to be allowed deduction under section 80-IA

from www.taxmann.com Latest Case Laws https://ift.tt/3ubOeWq

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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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