DEDUCTION UNDER SECTION 80IC

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....EDUCTION UNDER SECTION 80IC<br> Query (Issue) Started By: - shruti gupta Dated:- 19-1-2013 Last Reply Date:- 21-3-2015 Income Tax<br>Got 1 Reply<br>Income Tax<br>COMPANY HAVE PURHCASED PLANT AND MACHI....

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....NERY FROM UTTAR PRADESH FINANCE CORPORATION COMPANY UNDER 80IC COVER AREAS BUT A.O. HAS DISALLOWED AND ADDITION . REASON FOR U/S 80IC IS AVAILABLE ONLY NEW PURCHASES PLANT AND MACHINERY , MY COMPANY....

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.... HAS PURCHASES UPFC AND TREAT AS FIRST . PLEASE SEND ANSWAR, COMPANY LIABLE 80IC OR NOT Reply By Rama Krishana: The Reply: The onus is on you to prove that the same are new plant and machinery. The....

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.... mere fact the it has been purchased from UPFC is not sufficient to prove that the same has not been used previously.<br> Discussion Forum - Knowledge Sharing ....