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1 - 10 of 14 (0.34 seconds)Section 80IB in The Income Tax Act, 1961 [Entire Act]
Rajasthan State Warehousing ... vs Commissioner Of Income-Tax on 23 February, 2000
In fact before the
provision of Section 14A the assessee had the right to claim
all the expenses if such expenses could not be bifurcated in
terms of normal taxable income and exempted income in view
4
of the decision of Hon'ble Supreme Court in case of Rajasthan
State Warehousing Corporation V. CIT, 242 ITR 450 but this
position changed after the introduction of Section 14A by
Finance Act, 2001. The Memorandum explaining the
provisions of finance bill reads as under: