Court Rules Section 80-IB(10) Conditions Not Mandatory if Substantial Compliance Shown for Income Tax Deduction Eligibility.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Deduction u/s.80-IB(10) of the Act - Not every condition of the statute can be seen as mandatory. - If substantial compliance thereof is established on record, the court may allow deduction. - HC....