Meaning of tax terms

Meaning of “Any assessment year”

Posted on by Prashant Thakur

Case Name : Dharamsi morarji chemical co. Ltd. V. Cbdt 
 
Citation : [1994] 206 itr 608 (bom.)

Court : Bombay high court

Section : 80hhb

Meaning : The word ‘any’ in section 80hhb(5) means any and every assessment year covered by section 80hhb for purpose of granting relief to the assessee covered by that section.

Prashant Thakur

The author has spent more than 30 years in the field of taxation. Wrote four books -3 on on Indian Tax Law and 1 on US tax law for cryptocurrency. Apart from https:taxworry.com , he also writes on https://irstaxapp.com which is for US tax laws. He is a tech enthusiast and manages a cloud computing company that publishes innovative software.

Leave a Reply