corporate and professional updates 22nd may 2018
Direct Tax: SC reverses HC’s conclusion, allows assessee’s claim for area-specific deduction u/s 80-IC in respect of its industrial undertaking located at Himachal Pradesh, rejects Revenue’s claim that tax-holiday eligibility period of 10 years had expired in assessee’s case;[TS-256-SC-2018] SC dismisses assessee’s SLP against Uttarakhand HC decison denying Sec.80-IC deduction on interest earned on fixed …