09 March 2010
A Company doing developing of SEZ business claimed deduction U/s 80 IA for 5 years. Now the company is amalgamated into another company doing the same business. Being amalgamated it's not eligible to get deduction U/s 80IA. But U/s 80 IAB it is specified that the amalgamated company can avail deduction for the remaining period.
Do the Co, can claim deduction for the remaining 5 Yrs?
CAclubindia
