Deduction exclusivity for small-scale industrial undertakings prevents claiming the same profits under multiple deduction provisions in tax law. Amendment provides that where a deduction for profits and gains of a small-scale industrial undertaking is claimed and allowed under the provision specific to such undertakings, no deduction in respect of those same profits and gains shall be allowed under the general section for the same or any other assessment year, thereby preventing double-claiming.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deduction exclusivity for small-scale industrial undertakings prevents claiming the same profits under multiple deduction provisions in tax law.
Amendment provides that where a deduction for profits and gains of a small-scale industrial undertaking is claimed and allowed under the provision specific to such undertakings, no deduction in respect of those same profits and gains shall be allowed under the general section for the same or any other assessment year, thereby preventing double-claiming.
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