80-ib urgent

Whether a company claim dedcuction u/s. 80-IB if the amount of total investment in plant & machinery exceeds Rs. 1 crore in during the year under consideration. Initially, the compamy was registered as small scale industry with the concerned authorities and the product manufatured by it is not covered in Schedule XI.

Any judgments in this regard.

Thanks

Regards,

Shraddha

 

Replies (2)
for ssi xi shedule does not apply it can claim deduction provided the date of comencement of manufacturing conditions are satisfied

Any more comments????????????

 

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