Tag Archives: Section 80IA

DEPB and Duty Drawback not eligible for deduction u/s 80-IB

By | March 16, 2016

Held Duty drawback receipt/DEPB benefits do not form part of the net profits of eligible industrial undertaking for the purposes of section 80-I/80-IA/80-IB of the 1961 Act. SUPREME COURT OF INDIA Liberty India v. Commissioner of Income-tax* S.H. KAPADIA AFTAB ALAM, JJ. CIVIL APPEAL NO. 5891 OF 2009 AND OTHERS AUGUST 31, 2009 JUDGMENT S.H.… Read More »

Foot over bridges and bus shelters are parts of infra facility

By | August 22, 2015

Construction of foot over bridges and bus shelters are parts of infra facility for claiming section 80IA Deduction Q : Whether bus shelters  are part of a highway project as per clause (b) of the Explanation? yes  Construction of foot over bridges and bus shelters are parts of infra facility for claiming section 80IA Deduction Facts… Read More »