High Court to Decide Tax Deduction Eligibility Issue under Section 80IB

The Bombay HC admitted substantial questions of law on eligibility for deduction under Section 80IB of the Income Tax Act, 1961 for Assessment Year 2005-06. The Registry was directed to provide the order copy to the ITAT for further proceedings, to be heard with other Income Tax Appeals.

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The Bombay High Court heard an appeal related to the Assessment Year 2005-06. The court admitted substantial questions of law regarding the eligibility for deduction under Section 80IB of the Income Tax Act, 1961. The Registry was directed to provide a copy of the order to the Income Tax Appellate Tribunal for further proceedings. The case was to be heard along with other Income Tax Appeals.

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