Monday, June 30, 2014

[aaykarbhavan] Erecting road, bus shelters and so forth as part of advertisement business couldn’t be termed as infra-development




 

Erecting road, bus shelters and so forth as part of advertisement business couldn't be termed as infra-development

June 30, 2014[2014] 45 taxmann.com 532 (Karnataka)
IT: Where assessee - advertising-company had developed existing road median, erected bus-shelters and light poles for its advertisement business, activities indulged by assessee-company were part of its normal activities of advertising and publicity rather than one of infrastructure development and therefore, was not eligible for deduction under section 80-IA(4)
Regards
Prarthana Jalan


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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>


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