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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Hotel Denied Tax Deduction u/s 80J Due to Lack of Central Government Approval; Compliance Emphasized.</h1> The circular from the Central Board of Direct Taxes (CBDT) addresses an issue where a hotel failed to qualify for a deduction under Section 80J of the Income Tax Act, 1961, due to not obtaining the necessary approval from the Central Government. It emphasizes the importance of understanding Section 80J(6) requirements, which include timely application submission before the first assessment year, the validity of approval for five years unless withdrawn, and non-retrospective approval. The Ministry of Tourism and Civil Aviation is responsible for granting approvals. Income-tax officers are instructed to be informed of these legal requirements to prevent future occurrences.
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