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| The Tax Publishers2020 TaxPub(DT) 2102 (Bang-Trib) INCOME TAX ACT, 1961
80-IB(8A)
As a consequence of disallowance of deduction under section 37(1) of provision of expenses and stamp duty paid for registration of lease deed and, therefore, in computing deduction under section 80-IB(8A) in the hands of assessee disallowance so made could not be ignored.
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Deduction under section 80-IB(8A) - Allowability - Disallowance of provision of expenses and stamp duty paid for registration of lease deed claimed under section 37(1) -
Assessee claimed deduction under section 80-IB(8A) as regards disallowance of deduction of provision of expenses and stamp duty paid for registration of lease deed. Held: Disallowance had been made because of statutory provisions under section 37 and as a consequence of such disallowance there was an increase in income in the hands of assessee. Therefore, in computing deduction under section 80-IB(8A) in the hands of assessee disallowance so made could not be ignored.
REFERRED :
FAVOUR : In assessee's favour.
A.Y. : 2013-14
INCOME TAX ACT, 1961
Section 92B
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