Deduction for new convention centres requires prescribed facilities and audit compliance, affecting eligibility and tax deduction claims. The rules prescribe eligibility and compliance conditions for claiming a deduction under section 80-IB for new convention centres, setting minimum plinth areas, seating capacities and required numbers of halls by town size, mandatory facilities (conference/seminar halls, auditoriums, exhibition halls, modern audio visual systems, air conditioned documentation centre with communications and office equipment, and parking) and conformity with local building, fire and safety regulations; they also require an auditor's report in Form No. 10CCBB and, in the first year, construction and completion approvals from municipal/town planning authorities.
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Deduction for new convention centres requires prescribed facilities and audit compliance, affecting eligibility and tax deduction claims.
The rules prescribe eligibility and compliance conditions for claiming a deduction under section 80-IB for new convention centres, setting minimum plinth areas, seating capacities and required numbers of halls by town size, mandatory facilities (conference/seminar halls, auditoriums, exhibition halls, modern audio visual systems, air conditioned documentation centre with communications and office equipment, and parking) and conformity with local building, fire and safety regulations; they also require an auditor's report in Form No. 10CCBB and, in the first year, construction and completion approvals from municipal/town planning authorities.
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