[aaykarbhavan] Transformation of assessee from small scale industry to large scale won’t lead to denialof sec. 80-IB relief

Transformation of assessee from small scale industry to large scale won't lead to denialof sec. 80-IB relief

October 8, 2014[2014] 49 taxmann.com 168 (Karnataka)

IT : Where a small scale industry in course of 10 years stabilizes early and makes further investments in business which results in its going outside purview of definition of a small scale industry, that does not come in way of its claiming benefit under section 80-IB for 10 consecutive years, starting from initial assessment year

 

Regards

Prarthana Jalan

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

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