SEZ Developer Not Entitled to Deduction on Sale of Food and Beverages u/s 80IAB of Income Tax Act: ITAT [Read Order]

SEZ Developer Not Entitled to Deduction - Sale of Food and Beverages - SEZ Developer - Deduction- Income Tax Act - ITAT - taxscan

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has ruled that a SEZ developer is not entitled to a deduction on the sale of food and beverages under section 80IAB of the Income Tax Act, 1961and held that the sale of food and beverages is not one of the activities that are specifically…

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