Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Deduction Benefits u/s 80-I Claimable upon Conversion of Proprietorship Concern to Pvt. Limited Company: Punjab and Haryana HC
Corporate Law & GovernanceFinancial PlanningIncome Tax
The Punjab and Haryana High Court ruled that deduction benefits under Section 80-I of the Income Tax Act are claimable upon the conversion of a proprietorship concern into a private limited company. This decision provides clarity on the tax benefits available during business restructuring and conversion.
