Transit insurance claims, provisions reversed, and non-resident fees qualify for section 80-IC deduction or exemption, whereas vendor penalties do not.
Transit insurance claims, provisions reversed, and non-resident fees qualify for section 80-IC deduction or exemption, whereas vendor penalties do not. Issue Issue 1: Whether transit insurance claim receipts for loss or damage to operational assets are profits derived from an eligible industrial undertaking qualifying for deduction under Section 80-IC. Issue 2: Whether the reversal of… Read More »