Expenditure-tax exemption for hotels under the income-tax clause suspends clause (a)'s application for the statutory period. An inserted proviso to clause (a) of section 4 of the Expenditure tax Act excludes application of that clause to a hotel referred to in clause (iia) of ... Summary
Expenditure-tax exemption for hotels under the income-tax clause suspends clause (a)'s application for the statutory period.
An inserted proviso to clause (a) of section 4 of the Expenditure tax Act excludes application of that clause to a hotel referred to in clause (iia) of sub section (5) of section 80 IA of the Income tax Act; the exclusion applies from 1 April 1998 until 31 March 2008, thereby preventing clause (a) from operating with respect to that specified category of hotel for the stated period.
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