Case Law Details
Case Name : CIT Vs M/s. VRM India Ltd. (Delhi High Court)
Related Assessment Year :
Courts :
All High Courts Delhi High Court
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Brief of the Case
The Hon’ble High court in the present case held that the assessee developed an infrastructure facility/project and was not required to maintain or operate, it was entitled to cost, plus the margin of income or profit. Assesee would be entitled to deduction under section 80-IB (10).
Facts of the Case
Assessee is engaged in the business of building and developing of housing projects. In its
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