Court Orders Amendment to Income Tax Act's Section 80IA(4)(iii) for Multi-Year Industrial Park Deductions.

Court Orders Amendment to Income Tax Act's Section 80IA(4)(iii) for Multi-Year Industrial Park Deductions. https://www.taxtmi.com/highlights?id=36835 Deduction u/s 80IA(4)(iii) - industrial park scheme - seeking rectification in the notification dated 26.12.2016 - The interpretation given by the Revenue would mean that this availability of deduction over a span of year would not occur in case of an enterprise carrying on the business of developing any infrastructural facility and would be confined to only one assessment year - revenue directed to amend the notification - HC en-us Fri, 10 Nov 2017 10:24:15 +0530 Fri, 10 Nov 2017 10:24:15 +0530 TaxTMI RSS Generator Court Orders Amendment to Income Tax Act's Section 80IA(4)(iii) for Multi-Year Industrial Park Deductions. https://www.taxtmi.com/highlights?id=36835 Deduction u/s 80IA(4)(iii) - industrial park scheme - seeking rectification in the notification dated 26.12.2016 - The interpretation given by the Revenue would mean that this availability of deduction over a span of year would not occur in case of an enterprise carrying on the business of developing any infrastructural facility and would be confined to only one assessment year - revenue directed to amend the notification - HC Highlights Income Tax Fri, 10 Nov 2017 10:24:15 +0530 https://www.taxtmi.com/highlights?id=36835