Monday, 30 June 2014

Erecting road, bus shelters and so forth as part of advertisement business couldn’t be termed as inf

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)


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