The Income Tax Appellate Tribunal (ITAT), Cochin has held that the assessee by letting out the industrial undertaking is not having any direct connection with the manufacture or production of an article or thing by the assessee and the same cannot be considered as business income eligible for deduction under Section 80IB of the Income […]
The post Rent from Letting Out Industrial Undertaking not eligible for Deduction: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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