Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Amendment to Income-tax Act Section 80-I Expands Tax Incentives for Ship Repair Businesses Starting Between 1983 and 1988.</h1> The amendment to Section 80-I of the Income-tax Act, effective April 1, 1984, expands tax incentives to include businesses involved in repairs to ocean-going vessels or other powered craft, alongside hotels and industrial undertakings. It specifies that such businesses must not arise from the splitting or reconstruction of existing businesses, nor involve previously used machinery. The business must be conducted by an Indian company, with operations commencing between March 31, 1983, and April 1, 1988, and require Central Government approval. Additionally, the period for availing tax benefits for these businesses is limited to four assessment years, compared to seven for hotels.
TaxTMI 
TaxTMI 
