<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Sick Industrial Company Entitled to Tax Relief Despite SICA Repeal; Provisions Remain in Income Tax Act.</title>
    <link>https://www.taxtmi.com/highlights?id=43328</link>
    <description>MAT computation - sick company - the assessee company’s net worth was negative and the assessee satisfied the condition to hold the company as sick industrial company. Though the SICA was repealed w.e.f. 2003, the provision was not removed from the Income Tax Act. - assessee is entitled for relief.</description>
    <language>en-us</language>
    <pubDate>Mon, 17 Dec 2018 18:48:52 +0530</pubDate>
    <lastBuildDate>Mon, 17 Dec 2018 18:48:52 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=547205" rel="self" type="application/rss+xml"/>
    <item>
      <title>Sick Industrial Company Entitled to Tax Relief Despite SICA Repeal; Provisions Remain in Income Tax Act.</title>
      <link>https://www.taxtmi.com/highlights?id=43328</link>
      <description>MAT computation - sick company - the assessee company’s net worth was negative and the assessee satisfied the condition to hold the company as sick industrial company. Though the SICA was repealed w.e.f. 2003, the provision was not removed from the Income Tax Act. - assessee is entitled for relief.</description>
      <category>Highlights</category>
      <law>Income Tax</law>
      <pubDate>Mon, 17 Dec 2018 18:48:52 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/highlights?id=43328</guid>
    </item>
  </channel>
</rss>