Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Supreme Court rules against firm's tax deductions for chicory powder production.</h1> The Supreme Court dismissed the civil appeal concerning an assessee-firm's eligibility for deductions under sections 80HH, 80-I, 80J of the Income-tax ... Activity of making powder from the chicory roots - there are only two processes in making the powder from chicory roots, (i) roots are roasted, and (ii) after that they are powdered - assessee-firm as an industrial undertaking is not eligible for deduction under sections 80HH, 80-I, 80J The Supreme Court dismissed the civil appeal regarding the eligibility of an assessee-firm for deductions under sections 80HH, 80-I, 80J of the Income-tax Act, 1961. The Court found that the process carried out by the assessee did not meet the required criteria based on the limited information provided about making powder from chicory roots. The appeal was dismissed with costs.