Gist: Punjab and Haryana HC Grants Deduction Benefits Under Section 80-I on Conversion of Proprietorship to Private Limited Company
In a recent case before High Court of Punjab and Haryana the deductions claimed under section 80-I of the Income Tax Act were allowed upon the conversion of Proprietorship Concern to Private Limited Company. The appellant Micromation Pvt. Ltd. filed appeal against Commissioner of Income Tax, Chandigarh and another challenging an order passed by the…
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