Section 153A Assessment Denies 80-1B (11C) Exemption for False Claims of Medical Equipment Purchases for Tax Holidays.

Section 153A Assessment Denies 80-1B (11C) Exemption for False Claims of Medical Equipment Purchases for Tax Holidays. https://www.taxtmi.com/highlights?id=53651 Assessment u/s 153A - disallowing exemption u/s 80-1B (11C) - It has to be pointed out that any tax holiday can be granted to a person who declares a truthful return. It cannot and should not be granted to the person who claims that he purchased medical equipments in the guise of treating poor persons. en-us Tue, 09 Jun 2020 14:49:05 +0530 Tue, 09 Jun 2020 14:49:05 +0530 TaxTMI RSS Generator Section 153A Assessment Denies 80-1B (11C) Exemption for False Claims of Medical Equipment Purchases for Tax Holidays. https://www.taxtmi.com/highlights?id=53651 Assessment u/s 153A - disallowing exemption u/s 80-1B (11C) - It has to be pointed out that any tax holiday can be granted to a person who declares a truthful return. It cannot and should not be granted to the person who claims that he purchased medical equipments in the guise of treating poor persons. Highlights Income Tax Tue, 09 Jun 2020 14:49:05 +0530 https://www.taxtmi.com/highlights?id=53651