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Tax holiday relief u/s 80-J, Income Tax Act.
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....972, tax holiday relief (section 80-J deduction) was allowed to the extent of Rs. 88,54,254, being 6% of the capital employed in a new industrial undertaking which was computed at Rs. 14,75,70,913. The capital computation was incorrect because the total value of the depreciable assets as on the first day of the computation period was taken at Rs. 12,38,12,606 and sums of Rs. 8,13,120 representing ....
TaxTMI
TaxTMI