Sec 80IB- Workers need to be employed for substantial period of time to satisfy minimum workers criteria

Brief of the case:

The Hon’ble Himachal Pradesh High Court in the case of CIT vs. M/s Indus Cosmeceuticals held that the condition of employing atleast 10 workers as required to be complied with for claiming deduction u/s 80IB cannot be deemed to have complied by employing workers for a small part of year. It is because the employment should be for a substantial period of time during the financial year.

Facts of the case:

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