Saturday, April 17, 2021

Lease rental income derived by a developer of SEZ is eligible for section 80-IAB deduction

INCOME TAX : Lease rental income is within contemplation of profits derived by a developer of a SEZ from 'business' of developing it and, thus, eligible for deduction under section 80-IAB

from www.taxmann.com Latest Case Laws https://ift.tt/32jTWJg

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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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