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INCOME TAX
Category: INCOME TAX, Posted on: 01/04/2023 , Posted By: KAPIL
Visitor Count:231

 Supreme Court dismisses Revenues SLP against Gujarat High Court judgment allowing Vodafone Essar Gujarat Ltd. a deduction of Rs.191.60 Cr. u/s 80IA for AY 2005-06 Gujarat High Court held that the losses that had lapsed due to change in shareholding in AY 2001-02 shall not disentitle the Assessee from claiming the deduction while interpreting the interplay of two non obstante provisions ie Sec80IA  and Sec 79

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