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Under Section 80Ic

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 June 2010 Assessee is claiming the benifits U/s 80Ic
of Income Tax Act from last 3yrs.

Now he wants to close this unit established under specific zone.

Can he closed this unit ?

what are the liabilities lies on the Asseessee under Income Tax Act if he closed down its unit.
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
23 June 2010 yes he can close that unit.
According to me no liabilities will occur on him.

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