Section 80-IC Deduction Stands: Conversion to Partnership Doesn't Affect Eligibility Despite Section 80-IA's Amalgamation Rule.
X X X X Extracts X X X X
X X X X Extracts X X X X
....Deduction under 80-IC - Proprietorship Converted into Partnership Concern - Benefit of 80IC cannot be denied only on the ground that section 80-IA embraces only cases of amalgamation or demerger of Indian Company.... - HC....
TaxTMI