Tuesday, July 20, 2021

Income from developing, operating, and maintaining lanes on National Highway qualify for Sec. 80-IA relief: HC

INCOME TAX : Where assessee company was given contract by National Highways Authority of India (NHAI) for developing, operating and maintaining two new lanes on national highway as well as operating and maintaining existing four lanes on highway, income derived by assessee from developing, operating and maintaining all six lanes on highway would qualify for deduction under section 80-IA

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

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

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...