https://www.taxtmi.com/highlights?id=61364 Deduction u/s 80IA on the enhanced expenditures made to sub-contractors - The issue of the claim of higher deduction on the enhanced profits has been a contentious one. However, the courts have generally held that if the expenditure disallowed is related to the business activity against which the Chapter VI-A deduction has been claimed, the deduction needs to be allowed on the enhanced profits. The assessee is also eligible to claim for deduction u/s 80IA on the profit earned from its business. - AT en-us Mon, 10 Jan 2022 19:32:33 +0530 Mon, 10 Jan 2022 19:32:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61364 Deduction u/s 80IA on the enhanced expenditures made to sub-contractors - The issue of the claim of higher deduction on the enhanced profits has been a contentious one. However, the courts have generally held that if the expenditure disallowed is related to the business activity against which the Chapter VI-A deduction has been claimed, the deduction needs to be allowed on the enhanced profits. The assessee is also eligible to claim for deduction u/s 80IA on the profit earned from its business. - AT Highlights Income Tax Mon, 10 Jan 2022 19:32:33 +0530 https://www.taxtmi.com/highlights?id=61364