Saturday 2 November 2013

Deduction not allowable for an eligible business when eligibility was recognised by subsequent amend

IT: In view of fact that sub-section (1A) was inserted to section 80-I with effect from 1-4-1990 whereby operation of cold storage plant qualified for deduction assessee's claim for deduction in respect of cold storage business relating to assessment year 1989-90 was to be rejected


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