For Section 80-IB ‘workers’ need not be ’employees’ – Bombay HC

CIT Vs. Jyoti Plastic Works Pvt Ltd (Bombay High Court) – under Section 80IB(2)(iv) what is relevant is the employment of ten or more workers and not the mode and the manner in which the said workers are employed by the assessee. In other words, irrespective of the terms of employment, condition of Section 80IB (2)(iv) would stand fulfilled if the assessee in aggregate employs ten or more workers in its manufacturing activity. The fact that the employer– employee relationship between the workers employed by the assessee differs cannot be a ground to deny deduction under Section 80IB of...