Tax tribunal's ruling may open floodgates of claims : Sec 80(I)A

Tax tribunal's ruling may open floodgates of claims from contractors supplying to infrastructure projects Author : Renni Abraham/DNA-Daily News & AnalysisContent : In a precedent-setting ruling, the Income Tax Appellate Tribunal (ITAT) has allowed ABG Heavy Industries Ltd to claim tax exemption on its income generated during 1997-1998 and 1998-1999 through hiring out of cranes to the Jawaharlal Nehru Port Trust (JNPT). While delivering the ruling in January 2008, the two-member bench of the appe

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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