Deduction under section 80-IB provides tax relief for manufacturing undertakings, housing projects, hospitals, and oil and gas production. Deduction under section 80-IB provides tax relief to manufacturing and producing undertakings not listed in the Eleventh Schedule, with initial full-deduction periods followed by phased deductions for different classes of taxpayers, subject to anti-avoidance conditions, employment thresholds and limited exceptions for old plant. Separate full-period deductions apply to qualifying mineral oil refining, natural gas production under licensed blocks (treated as a single undertaking per contract), housing-project developers meeting size, completion and allotment conditions, and hospitals meeting bed and construction standards.
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 under section 80-IB provides tax relief for manufacturing undertakings, housing projects, hospitals, and oil and gas production.
Deduction under section 80-IB provides tax relief to manufacturing and producing undertakings not listed in the Eleventh Schedule, with initial full-deduction periods followed by phased deductions for different classes of taxpayers, subject to anti-avoidance conditions, employment thresholds and limited exceptions for old plant. Separate full-period deductions apply to qualifying mineral oil refining, natural gas production under licensed blocks (treated as a single undertaking per contract), housing-project developers meeting size, completion and allotment conditions, and hospitals meeting bed and construction standards.
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