Punjab & Haryana H.C : The claim made by the Assessee for deduction under Section 80-IC of the Income Tax Act, 1961 @ 100% instead of 25% for the year under consideration i.e. 8th year on account of substantial expansion to the undertaking is bonafide and does not tantamount to furnishing of inaccurate particulars of income in respect of claim of deduction under Section 80-IC of the Income Tax Act, 1961 within the meaning of Section 271(1)(c)
High Court Of Punjab & Haryana Pr.CIT vs. Virgo Industries Section 80IC, 271(1)(c) Asst. Year 2011-12 Ajay Kumar Mittal & […]