Monday, August 20, 2018

Interest on Income Tax Refund can’t be Deducted u/s 80IE: ITAT [Read Order]

The Jaipur bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the deduction under Section 80IE of the Income Tax Act would not be available to interest on income tax refund. The assessee, M/s OMIL JSC (JV) Kameng is a joint venture concern engaged in manufacturing, fabrication, erection, commissioning of pen […]

The post Interest on Income Tax Refund can’t be Deducted u/s 80IE: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.



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