Rebate allowed to members by consumer co-operative stores - Whether allowable as business deduction

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..... /1973 Rebate allowed to members by consumer co-operative stores - Whether allowable as business deduction 1. Iam directed to say that an instance has come to the notice of the Board wherein t .....

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..... tores to their members on the value of the purchases made by them during a year should be allowed as a deduction in computing the business income of such a society. Circular : No. 117 [F. No .....

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