80IB

[CA.BHUPENDRASHAH]

Income tax - Sec 80IB - Whether creation of marketing arm be treated as device
to shift expenses of assessee firm to former so as to show higher profits of
assessee and claim the same u/s 80IB - NO, says ITAT



MUMBAI,  THE issue before the Tribunal is - Whether the creation
of marketing arm be termed as a device to shift legitimate expenses of the
assessee firm to the former, so as to show higher profits in the hands of the
assessee firm, which could be claimed as deduction u/s 80-IB.