Whether Assessee-Company qualified for deduction u/s 80 IA of IT Act, 1961 in case of Firm was converted into private limited company

Last updated: 20 January 2023

Court :
Supreme Court of India

Brief :
High Court had justly affirmed the view taken by the first appellate authority, holding that the Respondent/Assessee-Company qualified for the deduction under Section 80-IA being an enterprise carrying on the stated business pertaining to infrastructure facility and owned by a Company registered in India on the basis of the agreement executed with the State Government to which the Respondent/Assessee-Company had succeeded in law after conversion of the partnership firm into a company.

Citation :
COMMISSIONER OF INCOME TAX, UDAIPUR (APPELLANT) VS. CHETAK ENTERPRISES PVT. LTD. (RESPONDENTS)

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FCS Deepak Pratap Singh

Published in Corporate Law
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Whether Assessee-Company qualified for deduction u/s 80 IA of IT Act, 1961 in case of Firm was converted into private limited company

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