Section 80IAB Deduction Admissible on Enhanced Profits from Disallowance

Jubilant Infrastructure Ltd. Vs ACIT (ITAT Delhi) If disallowance leading to enhancement in the profits of eligible business, then Section 80IAB deduction under Chapter-VIA of Income Tax Act is admissible. Introduction: In the case of Jubilant Infrastructure Ltd. Vs ACIT (ITAT Delhi), the issue of deductibility under Chapter-VIA of the Income Tax Act was deliberated upon, particularly in relation to disallowance leading to an enhancement in the profits of eligible businesses. This case provides insights into the admissibility of deductions under specific circumstances. The facts of the case is...