Wednesday 8 October 2014

Transformation of assessee from small scale industry to large scale won’t lead to denial of sec. 80

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


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