Timely filing of Income tax Return to avail Profit-linked “ tax holiday ” benefit

By | May 9, 2017
(Last Updated On: May 9, 2017)

Profit-linked “ tax holiday ” benefit

The Delhi High Court upheld the constitutional validity of relevant provisions of the Income-tax Act, 1961 mandating the timely filing of income tax returns for the purpose of claiming profit-linked “tax holiday” benefit for exports and other qualifying activities. The case is: Nath Brothers Exim International Ltd. Read a May 2017 report [PDF 338 KB] of KPMG

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