Income-tax Act, 1961 : Deduction under section 80HHC of the Income-tax Act, 1961

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..... been brought to the notice of the Board that the claim for deduction under section 80HHC of the Income-tax Act, 1961 in respect of profits from sale of DEPB scrips is not being allowed to the exporters. The Board is seized of the matter and the same is under examination. 2. In exercise of the powers conferred under section 119 of the Income-tax Act the Central Board of Direct Taxes hereby direct .....

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