CORPORATE AND PROFESSIONAL UPDATES 18 TH AUG 2018
Direct Tax : Bombay HC upholds ITAT order and rules in favour of Revenue, denies Sec. 80-IB deduction to assessee-company outsourcing manufacturing activity to contract manufacturer; Observes that the assessee did not retain control over the manufacturing of computers carried out at the factory premises of contract manufacturer; Observes that there was no evidence on record to …