Tag: 80IB
Deduction u/s 80IB allowed when assessee was not owner of the land and undertook housing project at their own risk and cost- Supreme Court dismisses SLP of Department ABCAUS Case Law Citation: ABCAUS 2854 (2019) (04) SC Important Case Laws Cited/relied upon by the parties Commissioner of Income …
Disallowance of 80IB deduction by passing rectification order u/s 154 quashed as AO took a conscious and considered view to allow deduction which was not mistake apparent – ITAT ABCAUS Case Law Citation: ABCAUS 2654 (2018) (11) ITAT Important Case Laws Cited/relied upon: CIT vs. Krishak Bharti Co-operative …
Inclusion of period of deduction u/s 80-IA and 80-IB for counting ten years for Section 80-IC is limited to industrial undertakings set-up in North-Eastern Region-Supreme Court ABCAUS Case Law Citation: ABCAUS 2341 (2018) (05) SC The assessee was a manufacturer in Himachal Pradesh and being an industrial undertaking, …
Exemption u/s 80IB ineligible if undertaking do not remain SSI in a particular assessment year even if in initial year eligibility was satisfied.-Supreme Court ABCAUS Case Law Citation: ABCAUS 2143 (2017) (12) SC The Challenge/Grievance: The instant appeal was filed by the Income Tax Department (the Revenue/Department) against …
Supplying back ground sound audio to film is manufacture u/s 80-IB of the Income Tax Act. Providing audio Software to Video already shot amounts to manufacture– High Court ABCAUS Case Law Citation: ABCAUS 2024 (2017) (08) HC The Issue: Whether the activity of the assessee in editing of …
