Corporate & Professional updates 31st March 2018
Direct Tax: Chandigarh ITAT allows Sec. 80IC deduction to assessee-company (running a hotel in Himachal Pradesh under the Eco-tourism project) for AY 2007-08 on account of ‘substantial expansion’ in building, furniture and fixtures; Rejects Revenue’s stand that the expansion in building, furniture and fixtures cannot constitute an investment in plant and machinery for the purpose …